Family Dollar NNN
For Sale
Contact for pricing
17824 Montgomery Highway, Highland Home, AL 36041
Single-tenant retail property with long-term lease and income growth.
Property Size10,500 SF
Price / SF$136.67
Days on Market174
Property Features for 17824 Montgomery Highway
General Information
Standard status
Active
Size
10,500 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
2022
Buildings
1
Tenancy
Single
Listing Agency:
MMG Real Estate Advisors
Listed By:
Jake Sullivan · License #2021028059
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 11 at 9:44AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
19k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
7,637 visits/mo
0.2 miles
Dollar General
Shops & Services
7,209 visits/mo
0.2 miles
Dollar Tree
Shops & Services
3,772 visits/mo
0.1 miles
Demographics for 36041, AL
1,430
Population
775
Households
1.8
Avg Household Size
40
Median Age
21%
College-Educated
82%
High-School Grad
55.7 sq mi
ZIP Area
26
Density / Sq Mi
$46,154
Median Household Income
$41,250
Median Earnings
$670
Median Rent
$117,000
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?
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
