New Construction Family Dollar
3200 Main Street Altoona Alabama USA Altoona, AL 35952
Freestanding Family Dollar in Altoona, Alabama with 9-year lease.
Type:Retail
Property size:
10,500 SFPrice / SF:
$171/SF- Added:
- Jul 28, 2025
- Days on Market:
- 348
- Last Refresh:
- Jun 28 at 10:59 am
Property Features for 3200 Main Street Altoona Alabama USA
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing office Horvath & Tremblay Charleston
Listing date Jul 28, 2025
Source Crexi
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 Horvath & Tremblay Charleston
Investment Insights
Based on property information with market context.
This is an opportunity to purchase a new construction, freestanding Family Dollar investment property located at 3200 Main Street in Altoona, Alabama. The property has 9 years remaining on its lease, with five 5-year renewal options. The lease includes rent increases at the start of each renewal option. The property benefits from frontage and visibility along Main Street (AL Route 132), a primary commercial and commuter corridor. Family Dollar is the main shopping destination in Altoona. The location is 4 miles from US Highway 278, the primary east-west roadway, and is positioned between Oneonta and Gadsden, which offer retail and dining amenities, schools, employment opportunities, and hospitals. Additionally, the property is approximately 45 miles from Birmingham. The property size is 10500 square feet.
Key Highlights
- New construction (2024) freestanding Family Dollar.
- 9 years remaining on the lease with five (5), 5‑year renewal options.
- Attractive rent increases at the start of each renewal option.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $170.1k | $16.20 |
| − Vacancy | −$9.9k | −$0.94 |
| EGI | $160.2k | $15.26 |
| − OpEx | −$40.1k | −$3.82 |
| NOI | $120.2k | $11.45 |
10,500 SF · lease $16.20/SF/yr · vacancy 5.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.72M
$1.50M – $2.00M
NOI $120,176 @ 7.0% cap · market cap 6.68%
Second Best
Retail
$1.39M
$1.21M – $1.62M
NOI $97,020 @ 7.0% cap · market cap 5.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Family Dollar
Discount Store
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - Freestanding Family Dollar in Altoona, Alabama with 9-year lease.
Where is this grocery and convenience store located?
The property is located at 3200 Main Street Altoona Alabama USA Altoona, AL.
What is the asking price?
The asking price for this property is $1,798,500.
What are key features of this property?
This property features: New construction (2024) freestanding Family Dollar.; 9 years remaining on the lease with five (5), 5‑year renewal options.; Attractive rent increases at the start of each renewal option.
