21236 Main St Ranburne, AL 36273
- Retail properties
- 9,000 SF
- 0.57 lot acres
Current Use by Public Records
- Retail properties
Property Details for 21236 Main St
- Year built
- 2005
- Lot size
- 0.57 lot acres
- Property size
- 9,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ranburne
- County
- Cleburne
- State
- Alabama
- Longitude
- -85.3434
- Latitude
- 33.5236
