New NNN Dollar General
For Sale
Contact for pricing
5988 Troy Hwy, Montgomery, AL 36116
Freestanding retail property with a long-term NNN lease and scheduled rent increases.
Property Size10,566 SF
Price / SF$269.40
Days on Market204
Property Features for 5988 Troy Hwy
General Information
Standard status
Active
Size
10,566 SF
Total Parking Spaces
35
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$175,056
Building Details
Year Built
2026
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Randall Commercial Group, LLC
Listed By:
Elizabeth Randall · License #MS 19734
(662) 234-4043
Source:
Crexi
Added: Mar 25
Changed: Oct 8
Last Checked: Oct 12 at 4:41PM
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 10,566-square-foot freestanding retail property is identified as a new Dollar General store, with an estimated delivery date of March 2026 and a 2026 construction year. The property is subject to a 15-year NNN lease, including 5% increases every 5 years during the preliminary term and each option period.
The store occupies a position along Troy Highway and Highway 231 in southeast Montgomery, a commuter corridor connecting Montgomery with the Troy area and the Florida panhandle. The site is minutes from the Central Alabama Montgomery VA Clinic and the Park Crossing residential growth area. Dollar General is identified as an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.
The store occupies a position along Troy Highway and Highway 231 in southeast Montgomery, a commuter corridor connecting Montgomery with the Troy area and the Florida panhandle. The site is minutes from the Central Alabama Montgomery VA Clinic and the Park Crossing residential growth area. Dollar General is identified as an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.
Key Highlights
- 10,566‑square‑foot freestanding Dollar General retail property
- 15‑year NNN lease with 5% increases every 5 years during the preliminary term and each option
- Estimated delivery date of March 2026; 2026 construction year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,676
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,513,520
$2.5M
Cap Rate 7%
$1,795,371
$1.8M
Cap Rate 9%
$1,396,400
$1.4M
Market Conditions
NOI Build-Up for 10,566 SF
Gross rent
$177.5K $16.80/SF
− Vacancy
−$9.9K −$0.94/SF
EGI
$167.6K $15.86/SF
− OpEx
−$41.9K −$3.96/SF
NOI
$125.7K $11.89/SF
Area
Montgomery, AL
Vacancy
5.60%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,513,520
Cap Rate 7%
$1,795,371
Cap Rate 9%
$1,396,400
Alternative Uses
Best Use
Specialty Retail
$1.80M
$1.57M – $2.09M
NOI $125,676 @ 7.0% cap · market cap 4.42%
Second Best
Retail
$1.68M
$1.47M – $1.95M
NOI $117,298 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,368 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Copart
Shops & Services
1,000 visits/mo
0.1 miles
Demographics for 36116, AL
43,840
Population
20,007
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
91%
High-School Grad
53.4 sq mi
ZIP Area
821
Density / Sq Mi
$53,973
Median Household Income
$33,039
Median Earnings
$1,056
Median Rent
$137,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Montgomery, AL
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding retail property with a long-term NNN lease and scheduled rent increases.
Where is this nnn property located?
The property is located at 5988 Troy Hwy Montgomery, AL.
What is the asking price?
The asking price for this property is $2,846,439.
What are key features of this property?
This property features: 10,566‑square‑foot freestanding Dollar General retail property; 15‑year NNN lease with 5% increases every 5 years during the preliminary term and each option; Estimated delivery date of March 2026; 2026 construction year
