STREAM Capital Partners > Properties > All Properties > Dollar General

Dollar General

Net Lease

41 N Bay Springs Rd, Dothan, Alabama
Ownership Type:
Fee Simple
Price:
$1,084,606
Cap Rate:
8.75%
Current Rent:
$94,903
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 5.66 years
Renewal Options:
5, 5 Year Options
Building Sq. Ft.:
9,211 SF
Rent Increases:
10% in Options
Site Size:
1.44 Acres

Investment Highlights

  • Absolute NNN Lease: Strong NNN lease with no landlord responsibilities and 10% rent increases every option.
  • Corporate Guarantee: Lease is guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade tenant with over 20,000 locations nationwide and a proven track record of consistent performance through economic cycles.
  • Affluent Local Demographics: The surrounding 3-mile trade area boasts average household incomes of $104,000, providing strong purchasing power and a solid consumer base to support long-term retail performance.
  • Prime Location: Located on Highway 84 with 22,000 vehicles per day, the site enjoys steady visibility and reliable customer flow.
  • Proximity to RTJ Trail: Positioned near the Robert Trent Jones Golf Trail at Highland Oaks, one of the nation’s largest and most acclaimed golf course networks, attracting hundreds of thousands of visitors annually across Alabama. Its regional draw enhances area activity, boosts traffic, and adds long-term stability to surrounding retail demand.
Ownership Type:
Fee Simple
Price:
$1,084,606
Cap Rate:
8.75%
Current Rent:
$94,903
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 5.66 years
Renewal Options:
5, 5 Year Options
Building Sq. Ft.:
9,211 SF
Rent Increases:
10% in Options
Site Size:
1.44 Acres

Listing Agents

Connor Shell

Managing Director
407.913.9009[email protected]

Graham Gold

Vice President
314 324 8792[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Analyst

Ben Hollis

Analyst
256.595.2574[email protected]

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