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Dollar General 24816 State St 10,566 SF Retail Building Elberta, AL 36530 $1,339,607 ($126.78/SF) 8.90% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Strong NNN lease with no landlord responsibilities and 10% rent increases every option.
  • Strategically positioned along Highway 98, the primary east-west thoroughfare through Elberta.
  • Lease is guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade tenant with over 20,000 locations nationwide.
  • Located in Baldwin County, one of the fastest-growing counties in Alabama, supported by expanding residential development along the Pensacol corridor.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,566 SF
Building Class
C
Year Built
2011
Price
$1,339,607
Price Per SF
$126.78
Cap Rate
8.90%
NOI
$119,225
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.06 AC
Frontage
295’ on State St

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
53-09-30-1-000-031.001
Land Assessment
$0
Improvements Assessment
$226,420
Total Assessment
$226,420
  • Listing ID: 39000068

  • Date on Market: 1/7/2026

  • Last Updated:

  • Address: 24816 State St, Elberta, AL 36530

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