Dollar General Plus For
For Sale
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1986 Co Rd 57, Prattville, AL 36067
Dollar General Plus in Montgomery MSA, absolute net lease.
Property Size10,640 SF
Price / SF$122.07
Days on Market205
Property Features for 1986 Co Rd 57
General Information
Standard status
Active
Size
10,640 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$100,656
Building Details
Year Built
2017
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Northmarq - Tulsa
Listed By:
Gill Warner · License #OK 131858
(918) 494-2690
Source:
Crexi
Added: Mar 19
Changed: Oct 2
Last Checked: Oct 7 at 8:45AM
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 Northmarq - Tulsa
Investment Insights
Based on property information with market context.
This commercial property is a Dollar General Plus located within the Montgomery Metropolitan Statistical Area. The property operates under an absolute net lease (NNN). It is situated near a master-planned community with an estimated value of $500 million. The building has a size of 10640 square feet and is suitable for retail or commercial use.
Key Highlights
- Dollar General Plus (larger format store)
- Absolute Net Lease (NNN)
- Located in Montgomery MSA (Metropolitan Statistical Area)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,119
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,362,380
$2.4M
Cap Rate 7%
$1,687,414
$1.7M
Cap Rate 9%
$1,312,433
$1.3M
Market Conditions
NOI Build-Up for 10,640 SF
Gross rent
$178.8K $16.80/SF
− Vacancy
−$10.0K −$0.94/SF
EGI
$168.7K $15.86/SF
− OpEx
−$50.6K −$4.76/SF
NOI
$118.1K $11.10/SF
Area
Autauga County, AL
Vacancy
5.60%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,362,380
Cap Rate 7%
$1,687,414
Cap Rate 9%
$1,312,433
Alternative Uses
Best Use
Specialty Retail
$1.81M
$1.58M – $2.11M
NOI $126,556 @ 7.0% cap · market cap 9.74%
Second Best
Retail
$1.69M
$1.48M – $1.97M
NOI $118,119 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$2.21M
$1.93M – $2.57M
NOI $154,442 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36067, AL
27,534
Population
11,481
Households
2.4
Avg Household Size
39
Median Age
22%
College-Educated
87%
High-School Grad
244.3 sq mi
ZIP Area
113
Density / Sq Mi
$64,837
Median Household Income
$37,903
Median Earnings
$985
Median Rent
$180,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Dollar General Plus in Montgomery MSA, absolute net lease.
Where is this grocery and convenience store located?
The property is located at 1986 Co Rd 57 Prattville, AL.
What is the asking price?
The asking price for this property is $1,298,787.
What are key features of this property?
This property features: Dollar General Plus (larger format store); Absolute Net Lease (NNN); Located in Montgomery MSA (Metropolitan Statistical Area)
