16946 Co Rd, Unit 87 Elberta, AL

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.