Dollar General NNN
For Sale
Contact for pricing
7882 Upper River Rd, Tallassee, AL 36078
Freestanding retail building positioned at the corner of Upper River Road and Red Hill Rd.
Property Size9,002 SF
Price / SF$240.65
Days on Market144
Property Features for 7882 Upper River Rd
General Information
Standard status
Active
Size
9,002 SF
Total Parking Spaces
20
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$139,728
Additional Details
Corner Location
Yes
Building Details
Year Built
2026
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Randall Commercial Group, LLC
(662) 638-0722
Listed By:
Elizabeth Randall · License #MS 19734
Source:
Crexi
Added: Apr 9
Changed: Aug 30
Last Checked: Apr 24 at 10:06PM
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.
Built in 2026, this freestanding Dollar General retail property occupies the intersection of Upper River Road and Red Hill Rd. The store is leased under a 15-year NNN agreement with 5% rent increases every 5 years during the preliminary term and each option period. Rent commencement is scheduled for March 12, 2026.
The property serves the southern Tallassee and Red Hill area and is located in Tallassee, Alabama, within Elmore County. Dollar General is identified in the source information as holding an S&P “BBB” credit rating. The corner placement and established neighborhood-serving retail use provide clear physical and operational context for the asset.
The property serves the southern Tallassee and Red Hill area and is located in Tallassee, Alabama, within Elmore County. Dollar General is identified in the source information as holding an S&P “BBB” credit rating. The corner placement and established neighborhood-serving retail use provide clear physical and operational context for the asset.
Key Highlights
- Dollar General retail property built in 2026
- 15‑year NNN lease structure
- 5% increases every 5 years during the preliminary term and each option
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
$107,073
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
4.94%
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%
$2,141,460
$2.1M
Cap Rate 7%
$1,529,614
$1.5M
Cap Rate 9%
$1,189,700
$1.2M
Market Conditions
NOI Build-Up for 9,002 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
$151.2K $16.80/SF
− Vacancy
−$8.5K −$0.94/SF
EGI
$142.8K $15.86/SF
− OpEx
−$35.7K −$3.96/SF
NOI
$107.1K $11.89/SF
Area
Elmore County, 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 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%
$2,141,460
Cap Rate 7%
$1,529,614
Cap Rate 9%
$1,189,700
Alternative Uses
Best Use
Specialty Retail
$1.53M
$1.34M – $1.78M
NOI $107,073 @ 7.0% cap · market cap 4.94%
Second Best
Retail
$1.43M
$1.25M – $1.67M
NOI $99,935 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,666 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 36078, AL
13,604
Population
5,991
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
91%
High-School Grad
177.4 sq mi
ZIP Area
77
Density / Sq Mi
$67,700
Median Household Income
$41,310
Median Earnings
$842
Median Rent
$175,200
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 - Freestanding retail building positioned at the corner of Upper River Road and Red Hill Rd.
Where is this nnn property located?
The property is located at 7882 Upper River Rd Tallassee, AL.
What is the asking price?
The asking price for this property is $2,166,326.
What are key features of this property?
This property features: Dollar General retail property built in 2026; 15‑year NNN lease structure; 5% increases every 5 years during the preliminary term and each option
