Single-Tenant Dollar General
For Sale
$785,000
3038 S Phillips Rd, Lanett, AL 36863
For-sale Dollar General retail asset featuring a BBB investment-grade public company.
Property Size9,014 SF
Price / SF$87.09
Days on Market53
Property Features for 3038 S Phillips Rd
General Information
Standard status
Active
Size
9,014 SF
Property subtype
Discount
Lease Type
NN
Additional Details
Cap Rate
8.4%
Amenities
20+ Year Operating History at this Location
3 Renewal Options Exercised with Rental Increases
Low Rent and Low Price Point
Newly Resealed and Restriped Parking Lot
Building Details
Building Size
9,014 SF
Listing Agency:
(678) 808-2770
Listed By:
Robby Pfeiffer · License #License(s): GA: 281335, AL: 000091407-1
(678) 808-2770
Source:
Marcusmillichap
Added: Jun 28
Changed: Aug 8
Last Checked: Aug 19 at 5:02AM
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 Robby Pfeiffer
Investment Insights
Based on property information with market context.
This offering is a single-tenant Dollar General retail property. The asset is presented for sale as part of a nationally recognized retail operator, with the tenant described as a publicly traded company listed on the NYSE. The company is characterized as investment grade credit (BBB/stable), supporting buyer focus on credit quality.
The property is located at 3038 S Phillips Rd in Lanett, Alabama. Dollar General operates widely across the U.S., with the public remarks noting 20,000+ locations in 48 states and fiscal year 2025 net sales of $42.7 billion, reflecting the scale of the operating platform for potential buyers and brokers evaluating comparable retail tenancy.
From a tenant or investor fit perspective, this Dollar General asset is aligned with parties seeking exposure to a large-format discount retail business with described investment-grade credit. Its single-tenant configuration can be attractive to buyers who want operational simplicity and a dedicated retail use consistent with a national brand’s store model. The transaction is for sale, giving qualified investors the opportunity to acquire a retail property operated by a publicly traded retailer with an established footprint.
The property is located at 3038 S Phillips Rd in Lanett, Alabama. Dollar General operates widely across the U.S., with the public remarks noting 20,000+ locations in 48 states and fiscal year 2025 net sales of $42.7 billion, reflecting the scale of the operating platform for potential buyers and brokers evaluating comparable retail tenancy.
From a tenant or investor fit perspective, this Dollar General asset is aligned with parties seeking exposure to a large-format discount retail business with described investment-grade credit. Its single-tenant configuration can be attractive to buyers who want operational simplicity and a dedicated retail use consistent with a national brand’s store model. The transaction is for sale, giving qualified investors the opportunity to acquire a retail property operated by a publicly traded retailer with an established footprint.
Key Highlights
- Dollar General retail asset tied to a publicly traded company on the NYSE
- Investment‑grade credit rating: BBB (stable outlook) on Standard & Poor’s
- Company operates 20,000+ locations across 48 states
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 32%
Hotels & Casinos 10%
Circle K
Shops & Services
16,407 visits/mo
0.3 miles
Waffle House
Dining
4,964 visits/mo
0.3 miles
Church's Chicken
Dining
4,847 visits/mo
0.2 miles
Hampton Inn & Suites - Lanett / KIA
Hotels & Casinos
2,275 visits/mo
0.4 miles
Four Star Freightliner
Shops & Services
1,245 visits/mo
0.5 miles
Demographics for 36863, AL
12,233
Population
5,421
Households
2.3
Avg Household Size
42
Median Age
10%
College-Educated
81%
High-School Grad
95.7 sq mi
ZIP Area
128
Density / Sq Mi
$45,313
Median Household Income
$29,970
Median Earnings
$739
Median Rent
$113,100
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?
Retail space - For-sale Dollar General retail asset featuring a BBB investment-grade public company.
Where is this retail space located?
The property is located at 3038 S Phillips Rd Lanett, AL.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Dollar General retail asset tied to a publicly traded company on the NYSE; Investment‑grade credit rating: BBB (stable outlook) on Standard & Poor’s; Company operates 20,000+ locations across 48 states
