New Construction Grocery
For Sale
$2,210,000
10558 Co Rd 95, Elberta, AL 36530
Newly built commercial property associated with Dollar General and classified for grocery and convenience retail.
Property Size10,566 SF
Price / SF$209.16
Days on Market60
Property Features for 10558 Co Rd 95
General Information
Standard status
Active
Size
10,566 SF
Property subtype
Discount
Lease Type
Absolute Net
Amenities
NEW 2026 CONSTRUCTION | ESTIMATED JULY OPENING
5% RENTAL INCREASES EVERY 5 YEARS
TRIPLE-NET (NNN) LEASE | NO LANDLORD EXPENSES
BALDWIN COUNTY IS 2ND FASTEST GROWING COUNTY IN ALABAMA | 17% GROWTH SINCE 2020
10,000+ POPULATION IN 5-MILE RADIUS | 75,000+ POPULATION IN 10-MILE RADIUS
Building Details
Building Size
10,566 SF
Tenancy
Single
Listing Agency:
Marcus & Millichap - Birmingham
(678) 808-2770
Listed By:
Robby Pfeiffer · License #License(s): GA: 281335, AL: 000091407-1
(678) 808-2770
Source:
Marcusmillichap
Added: Jul 3
Changed: Aug 30
Last Checked: Aug 30 at 4:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Birmingham
Investment Insights
Based on property information with market context.
This 10,566-square-foot commercial property is associated with Dollar General and is described as new construction. The asset falls within the grocery and convenience store category, providing a retail format suited to everyday consumer goods and convenience-oriented merchandise.
The property is located at 10558 Co Rd 95 in Elberta, Alabama. Dollar General is identified as a publicly traded company listed on the NYSE, with investment-grade credit rated BBB/Stable by Standard & Poor’s. The company operates more than 20,000 locations across 48 states.
The property is located at 10558 Co Rd 95 in Elberta, Alabama. Dollar General is identified as a publicly traded company listed on the NYSE, with investment-grade credit rated BBB/Stable by Standard & Poor’s. The company operates more than 20,000 locations across 48 states.
Key Highlights
- 10,566‑square‑foot commercial property
- New construction
- Associated with Dollar General
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$127,202
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,544,040
$2.5M
Cap Rate 7%
$1,817,171
$1.8M
Cap Rate 9%
$1,413,356
$1.4M
Market Conditions
NOI Build-Up for 10,566 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$180.0K $17.04/SF
− Vacancy
−$10.4K −$0.99/SF
EGI
$169.6K $16.05/SF
− OpEx
−$42.4K −$4.01/SF
NOI
$127.2K $12.04/SF
Area
Baldwin County, AL
Vacancy
5.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,544,040
Cap Rate 7%
$1,817,171
Cap Rate 9%
$1,413,356
Alternative Uses
Best Use
Specialty Retail
$1.82M
$1.59M – $2.12M
NOI $127,202 @ 7.0% cap · market cap 5.76%
Second Best
Retail
$1.62M
$1.42M – $1.89M
NOI $113,694 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,864 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36530, AL
8,375
Population
3,988
Households
2.1
Avg Household Size
46
Median Age
20%
College-Educated
89%
High-School Grad
95.6 sq mi
ZIP Area
88
Density / Sq Mi
$59,252
Median Household Income
$41,231
Median Earnings
$1,093
Median Rent
$251,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Newly built commercial property associated with Dollar General and classified for grocery and convenience retail.
Where is this grocery and convenience store located?
The property is located at 10558 Co Rd 95 Elberta, AL.
What is the asking price?
The asking price for this property is $2,210,000.
What are key features of this property?
This property features: 10,566‑square‑foot commercial property; New construction; Associated with Dollar General
