Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    771 Main St Ragland, AL 35131

    For Sale
    $1,302,000

    High-yield NNN lease, strong tenant.

    Property size:
    10,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a 10,500 square foot Family Dollar/Dollar Tree storefront located at 771 Main St, Ragland, AL 35131. Built in 2023, this single-story building sits on a 0.82-acre lot and boasts a 100% occupancy rate with a strong corporate guarantee from Family Dollar Stores, Inc. The property features a Net Lease (NNN) structure, minimizing landlord responsibilities. The current lease term extends to March 31, 2033, with 8.4 years remaining, offering significant long-term stability. The lease includes rent bumps of $0.50 per square foot every five years, starting in the option periods, providing built-in rent growth. The asking price is $1,302,000, representing a compelling cap rate of 8.75% based on a current Net Operating Income (NOI) of $113,925. The lease commenced February 1, 2023, and includes four, five-year options. This property offers a rare opportunity to acquire a brand-new, high-performing retail asset with a blue-chip tenant in a stable market. The property's strategic location in Ragland, Alabama ensures convenient access for a wide customer base. This investment is ideal for those seeking a secure, passive income stream with significant long-term growth potential. The property's strong financials, coupled with the tenant's excellent credit rating, make this an attractive addition to any portfolio.

    Property Features for 771 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,500 SF
    Lot Size
    35,719 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1

    HighLights

    • 10,500 SF Family Dollar/Dollar Tree, built in 2023, on a 0.82‑acre lot in Ragland, AL.
    • Net lease (NNN) with a corporate guarantee from Family Dollar Stores, Inc. (S&P BBB credit).
    • 9.2 years remaining on the lease (expires 3/31/2033), with four, five‑year options including $0.50/SF rent bumps every five years.
    • Asking price: $1,302,000, representing an 8.75% cap rate based on a current NOI of $113,925.
    Property Profile Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store

    Suggested Use

    Restaurant Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ragland
    County
    St. Clair
    State
    Alabama
    Longitude
    -86.155138792501
    Latitude
    33.74323698255

    Nearby Comparable

    • $399,500

      Commercial Land in High-Growth Area

      Acreage with retail potential in a growing residential area.
      0001 9Th St NW, Alabaster, AL 35007
      View Details
    • $250,500

      Commercial Land in High-Growth Area

      Acreage with retail potential in a growing commercial and residential area.
      000 9Th St NW CR 95, Alabaster, AL 35007
      View Details
    • $250,500

      Commercial Land in High-Traffic Area

      Land with retail potential in a growing residential and industrial area.
      000 9Th St NW, Alabaster, AL 35007
      View Details
    • $949,900
      124.00 Acres

      Shoal Creek Valley Pleasure Farm

      124+/- acre farm in St. Clair County's Shoal Creek Valley.
      6150 Shoal Creek Rd, Ashville, AL 35953
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-yield NNN lease, strong tenant.
    Where is this individual retail property located?
    The property is located at 771 Main St Ragland, AL.
    What is the asking price?
    The asking price for this property is $1,302,000.
    What are key features of this property?
    This property features: 10,500 SF Family Dollar/Dollar Tree, built in 2023, on a 0.82-acre lot in Ragland, AL.; Net lease (NNN) with a corporate guarantee from Family Dollar Stores, Inc. (S&P BBB credit).; 9.2 years remaining on the lease (expires 3/31/2033), with four, five-year options including $0.50/SF rent bumps every five years.
    Request Owner's contact information
    771 Main St Ragland, AL 35131
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    771 Main St
    Ragland, AL 35131
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    771 Main St Ragland, AL 35131
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.