3038 S Phillips Rd, Lanett, AL 36863

Listing office r***@marcusmillichap.com Show Phone

Listing date Jun 28, 2026

Source Marcusmillichap

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Overview

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.

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Big Box & Wholesale Store Hotel & Motel Nail Salon Hair Salon Kitchen & Bath Showroom Food Market Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Lanett

County

Chambers

State

Alabama

Longitude

-85.229563

Latitude

32.834217

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FAQs

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