376 Smothers Avenue, Eldridge, AL 35554

Listing office AMC Real Estate

Listing date Jun 29, 2026

Source Crexi

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Overview

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.

Suggested Use

Nursing Home Hair Salon Restaurant

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

Location Insight

• Map
• Local Demand

City

Eldridge

County

Walker

State

Alabama

Longitude

-87.623

Latitude

33.9224

FAQs

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