Family Dollar NNN
17824 Montgomery Highway Highland Home, AL 36041
For Sale
Contact for pricing
Single-tenant retail property with long-term lease and income growth.
Property Size10,500 SF
Price / SF$136.67
Days on Market157
Property Features for 17824 Montgomery Highway
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2022
Listing Agency:
MMG Real Estate Advisors
Listed By:
Jake Sullivan · License #2021028059
Source:
Crexi
Added: Feb 19
Changed: Jul 6
Last Checked: Jul 26 at 10:37AM
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 MMG Real Estate Advisors
Investment Insights
Based on property information with market context.
This single-tenant retail property is leased to Family Dollar, a nationally recognized discount retailer. The property is located at 17824 Montgomery Highway in Highland Home, Alabama. The lease extends through February 28, 2032, and includes four five-year renewal options. The lease features rent increases of $0.50 per square foot at each renewal option. Structured as a triple-net (NNN) lease, the tenant is responsible for the majority of operating expenses. The property benefits from a strategic position along US-331, the region’s primary north–south corridor serving the surrounding rural communities. Highland Home is supported by a stable economic base driven by agriculture, healthcare, and light manufacturing, reinforcing the property’s role as an essential retail provider within its trade area. The property is 10500 square feet.
Key Highlights
- Long‑term lease with Family Dollar extending to February 28, 2032, providing stability
- Attractive 6.20% cap rate with $107,625 Net Operating Income (NOI)
- Triple‑net (NNN) lease structure minimizes landlord responsibilities
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Family Dollar
Discount Store
FAQs
What type of property is this?
Grocery and convenience store - Single-tenant retail property with long-term lease and income growth.
Where is this grocery and convenience store located?
The property is located at 17824 Montgomery Highway Highland Home, AL.
What is the asking price?
The asking price for this property is $1,435,000.
What are key features of this property?
This property features: Long‑term lease with Family Dollar extending to February 28, 2032, providing stability; Attractive 6.20% cap rate with $107,625 Net Operating Income (NOI); Triple‑net (NNN) lease structure minimizes landlord responsibilities
