Dollar General NNN Retail
For Sale
$1,309,005
41 N Bay Springs R, Dothan, AL 36303
Corporate-backed retail asset with an absolute NNN lease and scheduled option-period rent increases.
Property Size9,026 SF
Days on Market144
Property Features for 41 N Bay Springs R
General Information
Standard status
Active
Size
9,026 SF
Property subtype
Retail - Freestanding
Building Details
Building Size
9,026 SF
Year Built
2011
Units
1
Listing Agency:
Trinity Real Estate Investment Services
(806) 679-9776
Listed By:
Chance Hales · License #597585
Source:
Commercialcafe
Added: Apr 9
Changed: Aug 29
Last Checked: Jul 13 at 2:24AM
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 Trinity Real Estate Investment Services
Investment Insights
Based on property information with market context.
The property is a Dollar General retail location at 41 N Bay Springs R in Dothan, Alabama. Constructed in 2011, the asset is subject to an absolute NNN lease with 3+ Years Remaining on Current Term and no landlord responsibilities identified in the lease structure. The option periods include 10% rent increases.
Positioned on a hard corner along US Hwy 84, the site benefits from reported traffic of nearly 24,000 vehicles passing daily. Dollar General provides a corporate guarantee and operates over 20,000 locations nationwide. The property is offered as an NNN investment with a national retail tenant in place.
Positioned on a hard corner along US Hwy 84, the site benefits from reported traffic of nearly 24,000 vehicles passing daily. Dollar General provides a corporate guarantee and operates over 20,000 locations nationwide. The property is offered as an NNN investment with a national retail tenant in place.
Key Highlights
- Dollar General location with 3+ Years Remaining on Current Term
- Absolute NNN lease with Zero Landlord Responsibilities
- 10% Rent Increases in the Option Periods
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
$62,917
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
4.81%
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%
$1,258,340
$1.3M
Cap Rate 7%
$898,814
$898.8K
Cap Rate 9%
$699,078
$699.1K
Market Conditions
NOI Build-Up for 9,026 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
$99.6K $11.04/SF
− Vacancy
−$9.8K −$1.08/SF
EGI
$89.9K $9.96/SF
− OpEx
−$27.0K −$2.99/SF
NOI
$62.9K $6.97/SF
Area
Houston County, AL
Vacancy
9.80%
Lease Rate
$11.04 /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%
$1,258,340
Cap Rate 7%
$898,814
Cap Rate 9%
$699,078
Alternative Uses
Best Use
Retail
$898.8K
$786.5K – $1.05M
NOI $62,917 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.60M
$1.40M – $1.86M
NOI $111,674 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,285 visits/mo
0.2 miles
Chevron
Shops & Services
4,486 visits/mo
0.3 miles
Demographics for 36303, AL
31,080
Population
14,622
Households
2.1
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
58.9 sq mi
ZIP Area
528
Density / Sq Mi
$53,006
Median Household Income
$34,504
Median Earnings
$855
Median Rent
$175,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Corporate-backed retail asset with an absolute NNN lease and scheduled option-period rent increases.
Where is this nnn property located?
The property is located at 41 N Bay Springs R Dothan, AL.
What is the asking price?
The asking price for this property is $1,309,005.
What are key features of this property?
This property features: Dollar General location with 3+ Years Remaining on Current Term; Absolute NNN lease with Zero Landlord Responsibilities; 10% Rent Increases in the Option Periods
