Building Details

Year Built 2024

Buildings 1

Stories 1

Units 1

Tenancy Single

Listing Agency: Randall Commercial Group, LLC

Listed By: Elizabeth Randall · License #MS 19734 Show Phone

Source: Crexi

Added: Jun 24, 2024 Changed: Oct 14 Last Checked: Oct 16 at 8:08AM

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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 Randall Commercial Group, LLC

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This is a brand new, free-standing DG Market located in Alpine, AL. The property has a 15-year NNN lease with 5% increases every 5 years, with rent commencing on October 4, 2024. The property is located on Alpine Winterboro Rd at its intersection with AL Hwy 21. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating. The property is located on Alpine Winterboro Road, between Talladega, AL and Sylacauga, AL, situated just north of Winterboro High School and approximately 9.5 miles south of the city of Talladega, AL, on the AL Hwy 21 corridor. Talladega County is home to Honda Manufacturing of Alabama, the largest automaker in the state, as well as the Talladega Superspeedway, the longest NASCAR track in the country that attracts thousands of attendees per year and brings an economic impact of ±$150MM as a result of the two races held there each year. The property size is 10640 square feet.

Key Highlights

• Brand new, free‑standing DG Market in Alpine, AL
• 15‑year NNN lease with rent commencement date of October 4, 2024
• 5% rent increases every 5 years

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$105,541

Cap Rate

4.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,110,820 $2.1M

Cap Rate 7%

$1,507,729 $1.5M

Cap Rate 9%

$1,172,678 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,640 SF

Gross rent

$149.4K $14.04/SF

− Vacancy

−$8.7K −$0.81/SF

EGI

$140.7K $13.23/SF

− OpEx

−$35.2K −$3.31/SF

NOI

$105.5K $9.92/SF

Area

Talladega County, AL

Vacancy

5.80%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,110,820

Cap Rate 7%

$1,507,729

Cap Rate 9%

$1,172,678

Alternative Uses

Best Use

Specialty Retail

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,541 @ 7.0% cap · market cap 4.93%

Second Best

Retail

$1.07M

$940.5K – $1.25M (±1% cap)

NOI $75,237 @ 7.0% cap · market cap 3.51%

Theoretical Best

Office A

$2.18M

$1.90M – $2.54M (±1% cap)

NOI $152,343 @ 7.0% cap · market cap 7.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Grocery and convenience stores

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store

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

10

Businesses Nearby

5k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 100%

Dollar General Market Groceries

4,997 visits/mo 0.1 miles

Demographics for 35014, AL

3,679

Population

1,786

Households

2.1

Avg Household Size

47

Median Age

14%

College-Educated

83%

High-School Grad

78.9 sq mi

ZIP Area

47

Density / Sq Mi

$73,389

Median Household Income

$40,250

Median Earnings

$119,100

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

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - New free-standing DG Market with 15-year NNN lease.

Where is this grocery and convenience store located?

The property is located at 45 Alpine Winterboro Rd Alpine, AL.

What is the asking price?

The asking price for this property is $2,142,343.

What are key features of this property?

This property features: Brand new, free‑standing DG Market in Alpine, AL; 15‑year NNN lease with rent commencement date of October 4, 2024; 5% rent increases every 5 years