New DG Market in
45 Alpine Winterboro Rd Alpine, AL 35014
45 Alpine Winterboro Rd, Alpine, AL, 35014
Contact for pricing
For Sale
Contact for pricing
New free-standing DG Market with 15-year NNN lease.
Property Size10,640 SF
Price / SF$201.35
Days on Market755
Property Features for 45 Alpine Winterboro Rd
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing Agency
Randall Commercial Group, LLC
Listed by
Elizabeth Randall · License #MS 19734
Source
Crexi
Added: Jun 24, 2024 Checked: Jul 17 at 5:28 am
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
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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.4k | $14.04 |
| − Vacancy | −$8.7k | −$0.81 |
| EGI | $140.7k | $13.23 |
| − OpEx | −$35.2k | −$3.31 |
| NOI | $105.5k | $9.92 |
10,640 SF · lease $14.04/SF/yr · vacancy 5.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,541 @ 7.0% cap · market cap 4.93%
Second Best
Retail
$1.07M
$940.5K – $1.25M
NOI $75,237 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$2.18M
$1.90M – $2.54M
NOI $152,343 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
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
