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    45 Alpine Winterboro Rd Alpine, AL 35014

    Sponsored
    For Sale
    $2,221,689

    High-yield, NNN-leased Dollar General

    Property size:
    10,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a brand-new, single-tenant Dollar General convenience store and shopping center storefront in Alpine, Alabama. The property boasts a 10,640 square foot building on a 1.9-acre lot, featuring 35 parking spaces. Built in 2024, it's situated at 45 Alpine Winterboro Rd, Alpine, AL 35014, offering excellent visibility and accessibility. The property benefits from a 15-year absolute NNN lease with a corporate guarantee from Dollar General, a credit-rated tenant. The lease includes five, five-year renewal options, with a 5% rent increase every five years. The current asking price is $2,221,689, representing a 6.75% cap rate and a price per square foot of $208.81. The property currently generates a net operating income (NOI) of $149,964, reflecting 100% occupancy. This strategically located property is near Winterboro High School and the AL Hwy 21 corridor, benefiting from proximity to Talladega and Sylacauga, and the significant economic activity generated by Honda Manufacturing of Alabama and Talladega Superspeedway. This is a rare opportunity to acquire a high-quality, passively managed investment with a strong tenant and significant long-term growth potential.

    Property Features for 45 Alpine Winterboro Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,640 SF
    Class
    A
    Lot Size
    82,764 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    HighLights

    • $2,221,689 asking price for a Class A, 10,640 square foot retail property.
    • Absolute NNN lease with Dollar General, a credit‑rated tenant with corporate guarantee.
    • 15‑year lease with five, five‑year options; 5% rent bumps every five years.
    • 6.75% cap rate, $149,964 NOI, 100% occupancy.
    • Located on 1.9 acres in Alpine, AL, with 35 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Electrical Service Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alpine
    County
    Talladega
    State
    Alabama
    Longitude
    -86.1968052
    Latitude
    33.327419

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      Sylacauga Vacant Land For Sale

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield, NNN-leased Dollar General
    Where is this lifestyle center located?
    The property is located at 45 Alpine Winterboro Rd Alpine, AL.
    What is the asking price?
    The asking price for this property is $2,221,689.
    What are key features of this property?
    This property features: $2,221,689 asking price for a Class A, 10,640 square foot retail property.; Absolute NNN lease with Dollar General, a credit-rated tenant with corporate guarantee.; 15-year lease with five, five-year options; 5% rent bumps every five years.
    Request Owner's contact information
    45 Alpine Winterboro Rd Alpine, AL 35014
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    Alpine, AL 35014
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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
    45 Alpine Winterboro Rd Alpine, AL 35014
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