4271 Al-14Millbrook, AL 36054

Property Details for 4271 Al-14

Year built

2024

Lot size

2.20 AC

Property size (Sq ft)

10,000 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,000-square-foot retail building in Millbrook, Alabama. Constructed in 2024, the property is situated on a 2.2-acre lot at 4271 AL-14, boasting a prime location with high traffic counts exceeding 124,270 vehicles daily. The property is currently 100% occupied by a portfolio of credit-rated tenants: Dollar General, Dollar Tree, and Family Dollar, under a triple-net (NN+) lease with a corporate guarantee. The initial 10-year lease commenced June 20, 2024, and includes three five-year renewal options, each with a $5,000 rent increase ($0.50 per square foot). The current net operating income (NOI) is $147,500, yielding a 7.00% cap rate. The property benefits from a strong demographic profile, with a 5-mile population of approximately 134,209 residents and a 10-mile population of approximately 193,441 residents, and a 10-mile average household income of $81,685 annually. Proximity to a new multi-sports complex and major attractions further enhances its appeal. The building features a 20-year roof warranty. This is a rare opportunity to acquire a high-performing, low-risk retail investment with significant long-term growth potential. The asking price is $2,107,150.

Location Insight

City

Millbrook

County

Elmore

State

Alabama

Latitude

32.5217

Longitude

-86.3664

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