Building Details

Year Built 2019

Buildings 7

Tenancy Single

Listing Agency: AMC Real Estate

Listed By: Angelo Iacobelli · License #MI 6501442625

Source: Crexi

Added: Jun 29 Changed: Aug 8 Last Checked: Aug 20 at 5:36PM

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Investment Insights

Based on property information with market context.

This offering presents a portfolio of seven newly constructed Dollar General retail properties located across Alabama. Each property was built between 2019 and 2020 and is structured as an Absolute NNN lease with Dollar General, an investment-grade tenant rated S&P BBB. The leases are supported by a corporate guarantee by Dollar General, and the portfolio includes five 5-year renewal options per property, with 10% rent increases at each option period. The portfolio is offered on an all-properties basis and is not available separately.

The portfolio is presented with a stated 7.35% cap rate on $606,972 in annual NOI, along with a weighted average lease term of 8.63 years remaining. Dollar General is noted to operate more than 20,600 locations nationwide. The properties are described as serving small markets with limited retail competition.

For buyers seeking an Absolute NNN structure, this portfolio pairs new construction timing with lease terms that extend through multiple renewal opportunities. With corporate-guaranteed tenant responsibility and an all-portfolio sales requirement, it may appeal to investors looking to acquire Dollar General exposure in a consolidated transaction rather than individual sites.

Key Highlights

• Portfolio of seven newly constructed Dollar General Absolute NNN properties in Alabama
• Buildings constructed between 2019–2020
• All properties feature Absolute NNN leases with Dollar General (S&P: BBB) and a corporate guarantee

Property Analytics

Property Profile

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Hair Salon Nursing Home Restaurant

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

Location Intelligence

Trade Area within ½ mile

21

Businesses Nearby

4k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

4,194 visits/mo 0.1 miles

Demographics for 35554, AL

1,131

Population

621

Households

1.8

Avg Household Size

45

Median Age

15%

College-Educated

82%

High-School Grad

52.1 sq mi

ZIP Area

22

Density / Sq Mi

$45,035

Median Household Income

$35,802

Median Earnings

$104,900

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 - Seven newly constructed Dollar General Absolute NNN properties in Alabama, built 2019–2020, leased with corporate guarantee.

Where is this nnn property located?

The property is located at 376 Smothers Avenue Eldridge, AL.

What is the asking price?

The asking price for this property is $8,258,122.

What are key features of this property?

This property features: Portfolio of seven newly constructed Dollar General Absolute NNN properties in Alabama; Buildings constructed between 2019–2020; All properties feature Absolute NNN leases with Dollar General (S&P: BBB) and a corporate guarantee