Dollar General NNN Retail
For Sale
Contact for pricing
3806 DAY ST, Montgomery, AL 36108
The 2026-built property combines a nationally branded retailer with an NNN lease structure.
Property Size10,640 SF
Price / SF$179.51
Days on Market118
Property Features for 3806 DAY ST
General Information
Standard status
Active
Size
10,640 SF
Class
A
Property subtype
Retail
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$128,916
Building Details
Year Built
2026
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Atlanta
Listed By:
Robby Pfeiffer · License #GA 380053
Source:
Crexi
Added: May 6
Changed: Aug 30
Last Checked: Aug 30 at 9:11PM
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 Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
This 10,640-square-foot retail property was built in 2026 and is associated with Dollar General under an NNN lease structure. The asset is located at 3806 Day St in Montgomery, Alabama, and is offered for sale.
Dollar General is identified as a publicly traded company on NYSE with BBB/Stable investment-grade credit from Standard & Poor’s. The company operates more than 20,000 locations across 48 states, providing documented corporate scale behind the retail tenancy. The property is classified as retail space and presents a defined storefront-oriented commercial asset.
Dollar General is identified as a publicly traded company on NYSE with BBB/Stable investment-grade credit from Standard & Poor’s. The company operates more than 20,000 locations across 48 states, providing documented corporate scale behind the retail tenancy. The property is classified as retail space and presents a defined storefront-oriented commercial asset.
Key Highlights
- 10,640‑square‑foot retail property built in 2026
- NNN lease structure associated with Dollar General
- Dollar General is publicly traded on NYSE
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$118,119
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,362,380
$2.4M
Cap Rate 7%
$1,687,414
$1.7M
Cap Rate 9%
$1,312,433
$1.3M
Market Conditions
NOI Build-Up for 10,640 SF
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.
Gross rent
$178.8K $16.80/SF
− Vacancy
−$10.0K −$0.94/SF
EGI
$168.7K $15.86/SF
− OpEx
−$50.6K −$4.76/SF
NOI
$118.1K $11.10/SF
Area
Montgomery, AL
Vacancy
5.60%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,362,380
Cap Rate 7%
$1,687,414
Cap Rate 9%
$1,312,433
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.97M
NOI $118,119 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.21M
$1.93M – $2.57M
NOI $154,442 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
43k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 36%
McDonald's
Dining
18,174 visits/mo
0.3 miles
Citgo
Shops & Services
6,904 visits/mo
0.1 miles
Family Dollar
Shops & Services
6,235 visits/mo
0.4 miles
American Deli
Dining
2,882 visits/mo
0.2 miles
Burger King
Dining
2,846 visits/mo
0.1 miles
Demographics for 36108, AL
17,117
Population
8,326
Households
2.1
Avg Household Size
42
Median Age
14%
College-Educated
78%
High-School Grad
70.3 sq mi
ZIP Area
243
Density / Sq Mi
$32,622
Median Household Income
$24,833
Median Earnings
$786
Median Rent
$73,700
Median Home Value
Market
Vacancy Rate% for Retail in Montgomery, AL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - The 2026-built property combines a nationally branded retailer with an NNN lease structure.
Where is this retail space located?
The property is located at 3806 DAY ST Montgomery, AL.
What is the asking price?
The asking price for this property is $1,910,000.
What are key features of this property?
This property features: 10,640‑square‑foot retail property built in 2026; NNN lease structure associated with Dollar General; Dollar General is publicly traded on NYSE
