16946 Co Rd, Unit 87 Elberta, AL
New Dollar General in Elberta, AL with long-term NNN lease.
Property size:
12,480 SFLot size:
5.06 AcresProperty Features for 16946 Co Rd
General Information
- Size
- 12,480 SF
- Lot size
- 5.06 Acres
Source:
Moodyscre
Listing Agent: Cody Crist
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Elberta, AL Dollar General
A Dollar General Market is under development, scheduled for completion in 2025, in Elberta, Alabama. The property features a 15-year absolute NNN lease, with rent commencement set for June 2025. The lease includes attractive 5% rental increases every 5 years. The store will utilize a 12,480 square foot large prototype design, intended to accommodate a higher volume of customers. Positioned on a corner lot at the intersection of County Rd 32 and County Rd 87, the location benefits from a combined traffic count of almost 5,000 vehicles per day. The surrounding area has limited retail competition, making this Dollar General the primary source of retail goods, and the only dollar store within a 4-mile radius. The location serves a healthy 5-mile demographic area with over 5,000 residents and a positive growth rate. The lease is backed by a strong corporate guaranty from Dollar General Corporation, which holds an S&P credit rating of BBB and operates more than 20,000 locations.
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Places Nearby
Bouquets & Baskets Florists LLC, Bluebird cottages, The Bluebird Cottage
Map
- City
- Elberta
- County
- Baldwin
- State
- Alabama
- Longitude
- -87.5977615
- Latitude
- 30.4143646
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FAQs
What type of property is this?
Storefront property - New Dollar General in Elberta, AL with long-term NNN lease.
Where is this storefront property located?
The property is located at 16946 Co Rd, Unit 87 Elberta, AL.
What is the asking price?
The asking price for this property is $2,481,630.
What are key features of this property?
This property features: - 15-year absolute NNN lease — rent set to commence June 2025; - Strong corporate guaranty by Dollar General Corporation, with an S&P credit rating of BBB; - Attractive 5% rental increases every 5 years