Dollar General Store in Grand
For Sale
Contact for pricing
10090 Highway 188, Grand Bay, AL
9,002 SF Dollar General with Absolute NNN Lease.
Property Size9,002 SF
Lot Size1.29 Acres
Price / SF$154.67
Days on Market835
Property Features for 10090 Highway 188
General Information
Standard status
Active
Size
9,002 SF
Lot size
1.29 Acres
Property subtype
RETAIL
Listing Agency:
Exclusive Realty
(248) 833-6601
Listed By:
Steve Sagmani · License #6502426558
(248) 833-6601
Source:
Moodyscre
Added: Apr 22, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:41AM
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 Exclusive Realty
Investment Insights
Based on property information with market context.
This 9,002-square-foot Dollar General store is located in Grand Bay, Alabama. The property features an Absolute NNN Lease with zero landlord responsibilities. The Dollar General lease is corporately guaranteed by Dollar General, Inc., which holds a credit rating of “BBB” and is classified as investment grade. This offering represents an opportunity for a 1031 Exchange buyer. The investment offers continued success due to the financial strength and profitability of the tenant.
Key Highlights
- Absolute NNN Lease with zero landlord responsibilities.
- Corporately guaranteed lease by Dollar General, Inc.
- Dollar General, Inc. credit rating of “BBB” (investment grade).
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.2k | $19.80 |
| − Vacancy | −$8.0k | −$0.89 |
| EGI | $170.2k | $18.91 |
| − OpEx | −$51.1k | −$5.67 |
| NOI | $119.2k | $13.24 |
9,002 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.70M
$1.49M – $1.99M
NOI $119,153 @ 7.0% cap · market cap 8.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,256 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 99%
Dining 1%
Dollar General
Shops & Services
4,365 visits/mo
0.1 miles
Clarke's
Dining
63 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - 9,002 SF Dollar General with Absolute NNN Lease.
Where is this storefront property located?
The property is located at 10090 Highway 188 Grand Bay, AL.
What is the asking price?
The asking price for this property is $1,392,328.
What are key features of this property?
This property features: Absolute NNN Lease with zero landlord responsibilities.; Corporately guaranteed lease by Dollar General, Inc.; Dollar General, Inc. credit rating of “BBB” (investment grade).
