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Dollar General 1509 Elba Hwy 9,100 SF Retail Building Troy, AL 36079 $2,106,489 ($231.48/SF) 6.75% Cap Rate
Investment Highlights
- NNN Lease
- 5% rent increase every 5 years
- New Lease
Executive Summary
LHT Commercial Real Estate, LLC is pleased to bring to market this brand new free standing Dollar General store. This store has a brand new guaranteed NNN lease that has a 5% rent increase every 5 years. This lease has a 15 year initial term with 5 – 5 year options. Troy is located in the southern part of Alabama and is the County seat of Pike County. This store has a 9,100 square foot building. The yearly rental income is $142,188. 6.75% CAP with a $2,122,209 Sales Price. The store opens November 2026 and the coordinates for the store are 31.7628 -85.9618. There are over 17,000 people in Troy. Troy is also the home to Troy University, the 4th largest school in the state. I have other properties as well that are not “on the market”. Contact me today for more information.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$2,106,489
Price Per SF
$231.48
Cap Rate
6.75%
NOI
$142,188
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.00 AC
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dollar General
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dollar General | Retailer | 99,999 SF | - | Lorem Ipsum | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 1704-1700000-110000 | Improvements Assessment | $20,340 |
| Land Assessment | $5,360 | Total Assessment | $25,700 |
Property Taxes
Parcel Number
1704-1700000-110000
Land Assessment
$5,360
Improvements Assessment
$20,340
Total Assessment
$25,700
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LHT Commercial Real Estate
Dollar General | 1509 Elba Hwy
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