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    21236 Main St Ranburne, AL 36273

    For Sale
    $567,262

    Alabama Retail Investment, 7.5 Years Remaining

    Property size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 9,000 square foot Dollar General storefront located at 21236 Main St, Ranburne, Alabama 36273. The property, built in 2005, sits on a 0.57-acre lot and boasts a strong 100% occupancy rate with a lease expiring May 30, 2032, providing a substantial 7.5 years of remaining lease term. The Net Operating Income (NOI) is $43,440, yielding an attractive 7.66% cap rate. Priced at $567,262, the property offers a price per square foot of $63.03. The net rentable square footage is 9,156 square feet. This single-tenant retail property enjoys a prime corner location with high visibility, situated conveniently near local elementary and high schools. The property's APN is 23-06-24-0-005-001.000. This is a triple-net (NNN) lease. This offering is part of a larger portfolio of six Dollar General properties, but can be purchased individually. This is a compelling investment opportunity for those seeking a stable, high-yield retail asset in a desirable location.

    Property Features for 21236 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,000 SF
    Lot Size
    24,829 SF

    Building Details

    Year Built
    2005

    HighLights

    • $567,262 asking price for this 9,000 square foot Dollar General storefront.
    • 7.66% cap rate with a $43,440 NOI.
    • NN lease with 7.5 years remaining, expiring 05/30/2032.
    • Located on a 0.57‑acre lot at 21236 Main St, Ranburne, AL 36273.
    • 100% occupancy.
    • Price per square foot is $63.03.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Department Store Food Market Grocery Store Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ranburne
    County
    Cleburne
    State
    Alabama
    Longitude
    -85.34338544
    Latitude
    33.52356966

    Nearby Comparable

    • $200,000
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      Ranburne Bank Building For Sale

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      21454 Main St, Ranburne, AL 36273
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    • $200,000

      Ranburne Retail Property For Sale

      Retail property with drive-thru lanes and parking available for sale.
      21454 Main St, Ranburne, AL 36273
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    • $156,230
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      Bowdon, GA Unimproved Land

      18 acres of country freedom and fresh air!
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    • $524,900
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      Pasture Ready West Georgia Land

      59.73 acres of pasture land, cattle ready.
      1254 Ayers Rd, Bowdon, GA 30108
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    Nearby Similar for Sale

    • $200,000

      Ranburne Retail Property For Sale

      Retail property with drive-thru lanes and parking available for sale.
      21454 Main St, Ranburne, AL 36273
      View Details
    • $200,000
      3,356 SF

      Ranburne Bank Building For Sale

      Prime Retail Space, High Visibility
      21454 Main St, Ranburne, AL 36273
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Alabama Retail Investment, 7.5 Years Remaining
    Where is this individual retail property located?
    The property is located at 21236 Main St Ranburne, AL.
    What is the asking price?
    The asking price for this property is $567,262.
    What are key features of this property?
    This property features: $567,262 asking price for this 9,000 square foot Dollar General storefront.; 7.66% cap rate with a $43,440 NOI.; NN lease with 7.5 years remaining, expiring 05/30/2032.
    Request Owner's contact information
    21236 Main St Ranburne, AL 36273
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    Ranburne, AL 36273
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21236 Main St Ranburne, AL 36273
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