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    8145 Al-144 Alexandria, AL 36250

    For Sale
    $2,178,844

    High-yield NNN retail investment. Strong tenant, long lease.

    Property size:
    10,566 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a brand-new, free-standing Dollar General store in Alexandria, Alabama. The property boasts a 10,566 square foot building on a 1.97-acre lot, featuring 36 parking spaces. The property is situated at 8145 AL-144, conveniently located along AL Highway 144 in Calhoun County. The single-tenant, absolute NNN lease with Dollar General offers a 15-year initial term with five, five-year renewal options. Rent increases by 5% every five years throughout the lease term. The property benefits from a strong corporate guarantee and a credit-rated tenant, ensuring a stable and secure investment. Built in 2024, this Class A retail asset currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $147,072 and a 6.75% cap rate. The asking price is $2,178,844, translating to $206.21 per square foot. This strategically located property offers significant potential for long-term growth and passive income, positioned approximately halfway between Birmingham, Alabama, and Atlanta, Georgia. The property's location within the Oxford-Anniston MSA provides access to a substantial consumer base.

    Property Features for 8145 Al-144

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,566 SF
    Class
    A
    Lot Size
    85,813 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    HighLights

    • Brand‑new, 10,566 SF Dollar General store on a 1.97‑acre lot with 36 parking spaces in Alexandria, AL.
    • NNN single‑tenant lease with Dollar General; 15‑year initial term, five 5‑year renewal options, 5% rent increases every 5 years.
    • Strong corporate guarantee and credit‑rated tenant.
    • $2,178,844 asking price ($206.21/SF); 6.75% cap rate; $147,072 annual NOI.
    • Strategically located on AL Highway 144, halfway between Birmingham and Atlanta, within the Oxford‑Anniston MSA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Alexandria
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.9056288
    Latitude
    33.7823974

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      Wellington Warehouse with Highway Frontage

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield NNN retail investment. Strong tenant, long lease.
    Where is this lifestyle center located?
    The property is located at 8145 Al-144 Alexandria, AL.
    What is the asking price?
    The asking price for this property is $2,178,844.
    What are key features of this property?
    This property features: Brand-new, 10,566 SF Dollar General store on a 1.97-acre lot with 36 parking spaces in Alexandria, AL.; NNN single-tenant lease with Dollar General; 15-year initial term, five 5-year renewal options, 5% rent increases every 5 years.; Strong corporate guarantee and credit-rated tenant.
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    Alexandria, AL 36250
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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
    8145 Al-144 Alexandria, AL 36250
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