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    1289 43rd Avenue Phenix City, AL 36869

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    For Sale
    $1,225,000

    NNN Dollar General in Phenix City, Alabama for sale.

    Type:Retail
    Added:
    Nov 25, 2025
    Days on Market:
    156
    Last Refresh:
    Apr 5 at 8:20 pm

    Property Features for 1289 43rd Avenue

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    2015

    We can help!

    Listing Contact
    Nancy Miller, CCIM, MBA

    Listing agent Nancy Miller, CCIM, MBA

    Listing office

    Listing date Nov 25, 2025

    Source Bullrealty

    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 Nancy Miller, CCIM, MBA

    Overview

    Dollar General NNN Investment Opportunity

    This Dollar General property is located in Phenix City, Alabama, just off Crawford Rd (U.S. 80 & AL 9), a primary commercial corridor that runs into Columbus, Georgia. The location benefits from traffic counts of approximately 27,443 vehicles per day just west of the property. Constructed in 2015, the building has an area of approximately 9,100 square feet and is situated on an approximately 1.12-acre corner site. It is located approximately 3 miles west of downtown Phenix City and approximately 4 miles west of downtown Columbus. The surrounding area within a 5-mile radius has a population of approximately 81,611 with an average household income of $68,466. The initial NNN lease term of 15 years has approximately 4.67 years remaining, along with five 5-year renewal options, each including a 10% rent increase. The lease is a NNN lease, meaning there are no landlord responsibilities. The lease is guaranteed by Dollar General Corporation, which operates over 20,000 stores. The property has been successfully operating at this location since 2015. According to Placer.ai, annual sales are at $2M with year over year customer growth of over 11%.
    Location Intelligence

    Current Use by Public Records

    FedEx OnSite Postal Service Dollar General Discount Store Western Union Bank

    Suggested Use

    Restaurant Gym & Fitness Center Auto Repair Shop Pharmacy Big Box & Wholesale Store Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Showroom Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phenix City
    County
    Lee
    State
    Alabama
    Longitude
    -85.0515
    Latitude
    32.4714

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    FAQs

    What type of property is this?
    Storefront property - NNN Dollar General in Phenix City, Alabama for sale.
    Where is this storefront property located?
    The property is located at 1289 43rd Avenue Phenix City, AL.
    What is the asking price?
    The asking price for this property is $1,225,000.
    What are key features of this property?
    This property features: Absolute NNN lease guaranteed by Dollar General Corporation, ensuring a stable and passive income stream.; Strategic location on a high‑traffic corner (±27,443 VPD) off U.S. 80.; Strong Placer.ai Performance: Annual sales at $2M with year over year customer growth of over 11%.
    (404) 876-1640
    We can help!
    Listing Contact
    Nancy Miller, CCIM, MBA
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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