Building Details

Year Built 2004

Buildings 1

Tenancy Single

Listing Agency: InCommercial Inc

Listed By: Sam Derse · License #475127324

Source: Crexi

Added: Apr 10 Changed: Aug 29 Last Checked: Aug 29 at 7:19PM

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Investment Insights

Based on property information with market context.

This built-to-suit retail property was completed in 2004 for Dollar General and contains 9,014 square feet. The building is operated under a net lease structure, making the existing tenancy and lease provisions central to the asset’s profile.

The current lease runs through 5/31/2022 and includes five additional 5-year option periods. The property is located at 21236 Main Street in Ranburne, Alabama, with an 8.00% cap rate stated in the listing information.

Key Highlights

• Built‑to‑suit Dollar General property completed in 2004
• 9,014 SF retail building
• Current lease runs through 5/31/2022

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Auto Parts Store Big Box & Wholesale Store Carpet & Flooring Store Auto Repair Shop Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

65

Businesses Nearby

14k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Exxon Shops & Services

6,167 visits/mo 0.3 miles

Dollar General Shops & Services

5,914 visits/mo 0.2 miles

FirstBank Shops & Services

2,108 visits/mo 0.3 miles

Demographics for 36273, AL

2,943

Population

1,509

Households

2

Avg Household Size

42

Median Age

29%

College-Educated

88%

High-School Grad

49.6 sq mi

ZIP Area

59

Density / Sq Mi

$70,313

Median Household Income

$52,229

Median Earnings

$917

Median Rent

$182,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Built-to-suit retail building with an established national tenant and structured lease options.

Where is this nnn property located?

The property is located at 21236 Main Street Ranburne, AL.

What are key features of this property?

This property features: Built‑to‑suit Dollar General property completed in 2004; 9,014 SF retail building; Current lease runs through 5/31/2022