Elberta, AL Dollar
For Sale
Contact for pricing
16946 Co Rd 87, Elberta, AL 36530
New Dollar General in Elberta, AL with long-term NNN lease.
Property Size12,480 SF
Lot Size5.06 Acres
Price / SF$198.85
Days on Market431
Property Features for 16946 Co Rd 87
General Information
Standard status
Active
Size
12,480 SF
Lot size
5.06 Acres
Property subtype
RETAIL
Listing Agency:
Trinity Real Estate Investment Services - Corporate
(817) 584-2000
Listed By:
Chance Hales · License #697980
(806) 679-9776
Source:
Moodyscre
Added: May 26, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:16AM
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 Trinity Real Estate Investment Services - Corporate
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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
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 | $209.7k | $16.80 |
| − Vacancy | −$17.8k | −$1.43 |
| EGI | $191.8k | $15.37 |
| − OpEx | −$57.6k | −$4.61 |
| NOI | $134.3k | $10.76 |
12,480 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.92M
$1.68M – $2.24M
NOI $134,290 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,083 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7
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?
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 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
