STREAM Capital Partners > Properties > All Properties > Dollar General

Dollar General

Net Lease

24816 State Street, Elberta, Alabama
Ownership Type:
Fee Simple
Price:
$1,339,607
Cap Rate:
8.90%
Current Rent:
$119,225
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 5.74 years
Renewal Options:
5, 5 Year Options
Building Sq. Ft.:
10,566 SF
Rent Increases:
10% in Options
Site Size:
1.06 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.
  • Main-Corridor Retail Location: Strategically positioned along Highway 98, the primary east-west thoroughfare through Elberta, providing strong daily visibility and convenient access for local residents and regional traffic.
  • Growing Baldwin County Market: Located in Baldwin County, one of the fastest-growing counties in Alabama, supported by expanding residential development along the Foley–Elberta–Pensacola corridor.
Ownership Type:
Fee Simple
Price:
$1,339,607
Cap Rate:
8.90%
Current Rent:
$119,225
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 5.74 years
Renewal Options:
5, 5 Year Options
Building Sq. Ft.:
10,566 SF
Rent Increases:
10% in Options
Site Size:
1.06 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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