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Value Add Dollar General 41125 Us Highway 72 12,000 SF 77% Leased Retail Building Stevenson, AL 35772 $500,000 ($41.67/SF) 7.69% Cap Rate
Investment Highlights
- Owner recently invested $125k into the roof, facade, parking lot, and interior
- Below market rent - DG's lease expires in 3 years providing considerable rental upside
- Pro-forma cap rate of 12% with billboard and lease-up of vacant space at $6.4 /sf
- Significant upside potential
- Billboard company has offered to install a billboard that would increase the NOI by $6,000
Executive Summary
Exclusive Realty is pleased to present a value-add Dollar General investment located along U.S. Highway 72 in Stevenson, Alabama. The property features a corporate guaranteed NN lease with Dollar General Corporation (NYSE: DG) occupying 9,200 SF, plus an additional 2,800 SF retail suite offering immediate lease-up or expansion upside. The owner recently invested over $125,000 in capital improvements, including a new roof, façade upgrades, parking lot resurfacing, and interior enhancements—positioning the asset for years of low maintenance and dependable income. This location combines long-term stability from a nationally recognized essential retailer with near-term growth potential through re-tenanting of the vacant space and a proposed billboard installation that would further increase NOI. Priced well below replacement cost, this property offers investors an attractive blend of secure cash flow and measurable upside in a high-visibility corridor.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
C
Year Built
1976
Price
$500,000
Price Per SF
$41.67
Cap Rate
7.69%
NOI
$38,452
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.24 AC
Zoning
Commercial - Commercial
Parking
42 Spaces (3.5 Spaces per 1,000 SF Leased)
Frontage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- Endcap Space
- 2,800 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| Endcap Space | 2,800 SF | Retail | - | Now |
Endcap Space
| Size |
| 2,800 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 14-04-19-0-000-024.001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $80,580 |
Property Taxes
Parcel Number
14-04-19-0-000-024.001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$80,580
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Value Add Dollar General | 41125 Us Highway 72
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