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    1220 Patton Chapel Rd Lincoln, AL 35096

    Sponsored
    For Sale
    $2,338,182

    High-yield, NNN-leased convenience store.

    Property size:
    10,566 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a brand-new, free-standing Dollar General store in Lincoln, Alabama. The property boasts a 10,566 square foot building situated on a 2.01-acre lot, complete with 40 parking spaces. The property features an upgraded Hardy Plank exterior and is situated at 1220 Patton Chapel Rd, Lincoln, AL 35096. The property is 100% occupied under a 15-year absolute NNN lease, commencing August 29, 2024, and expiring August 31, 2039. The lease includes five, five-year renewal options, with a 5% rent increase every five years. The tenant, Dollar General, is credit-rated and provides a corporate guarantee, ensuring a secure investment. The property's Net Operating Income (NOI) is $154,320, resulting in a 6.60% cap rate. The asking price is $2,338,182, translating to $221.29 per square foot. Built in 2024, this single-story building represents a strong, low-risk investment in a well-established retail sector. The location is convenient, just east of the Coosa River and west of Oxford-Anniston, approximately 6 miles from Talladega Superspeedway. This is a single-tenant, net lease investment with significant long-term potential.

    Property Features for 1220 Patton Chapel Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,566 SF
    Class
    B
    Lot Size
    87,556 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    HighLights

    • NNN single‑tenant investment opportunity.
    • 15‑year lease with five 5‑year options.
    • 5% rent increases every 5 years.
    • Corporate guarantee by Dollar General.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Talladega
    State
    Alabama
    Longitude
    -86.1027822
    Latitude
    33.6258915

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield, NNN-leased convenience store.
    Where is this lifestyle center located?
    The property is located at 1220 Patton Chapel Rd Lincoln, AL.
    What is the asking price?
    The asking price for this property is $2,338,182.
    What are key features of this property?
    This property features: NNN single-tenant investment opportunity.; 15-year lease with five 5-year options.; 5% rent increases every 5 years.
    Request Owner's contact information
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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
    1220 Patton Chapel Rd Lincoln, AL 35096
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