New Construction Family Dollar
For Sale
Contact for pricing
3200 Main Street Altoona, Altoona, AL 35952
Freestanding Family Dollar in Altoona, Alabama with 9-year lease.
Property Size10,500 SF
Price / SF$171.29
Days on Market446
Property Features for 3200 Main Street Altoona
General Information
Standard status
Active
Size
10,500 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$125,895
Building Details
Year Built
2024
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Horvath & Tremblay Charleston
Listed By:
Riley Harder · License #131554
Source:
Crexi
Added: Jul 28, 2025
Changed: Oct 3
Last Checked: Oct 14 at 7:40PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,176
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,403,520
$2.4M
Cap Rate 7%
$1,716,800
$1.7M
Cap Rate 9%
$1,335,289
$1.3M
Market Conditions
NOI Build-Up for 10,500 SF
Gross rent
$170.1K $16.20/SF
− Vacancy
−$9.9K −$0.94/SF
EGI
$160.2K $15.26/SF
− OpEx
−$40.1K −$3.82/SF
NOI
$120.2K $11.45/SF
Area
Etowah County, AL
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,403,520
Cap Rate 7%
$1,716,800
Cap Rate 9%
$1,335,289
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
1,818 visits/mo
0.2 miles
Demographics for 35952, AL
7,847
Population
3,914
Households
2
Avg Household Size
42
Median Age
12%
College-Educated
77%
High-School Grad
109.4 sq mi
ZIP Area
72
Density / Sq Mi
$44,973
Median Household Income
$29,460
Median Earnings
$661
Median Rent
$120,400
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
Frequently Asked Questions
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 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.
