45 Alpine Winterboro Rd Alpine, AL 35014
- Lifestyle centers
- 10,640 SF
- 1.90 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 45 Alpine Winterboro Rd
- Year built
- 2024
- Lot size
- 1.90 lot acres
- Property size
- 10,640 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alpine
- County
- Talladega
- State
- Alabama
- Longitude
- -86.1968
- Latitude
- 33.3274
