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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
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
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
| Parcel Number | 53-09-30-1-000-031.001 | Improvements Assessment | $226,420 |
| Land Assessment | $0 | Total Assessment | $226,420 |
Property Taxes
Parcel Number
53-09-30-1-000-031.001
Land Assessment
$0
Improvements Assessment
$226,420
Total Assessment
$226,420
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Dollar General | 24816 State St
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