45 Alpine Winterboro RdAlpine, AL 35014

Property Details for 45 Alpine Winterboro Rd

Year built

2024

Lot size

1.90 AC

Property size (Sq ft)

10,640 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional investment opportunity presents a brand-new, single-tenant Dollar General convenience store and shopping center storefront in Alpine, Alabama. The property boasts a 10,640 square foot building on a 1.9-acre lot, featuring 35 parking spaces. Built in 2024, it's situated at 45 Alpine Winterboro Rd, Alpine, AL 35014, offering excellent visibility and accessibility. The property benefits from a 15-year absolute NNN lease with a corporate guarantee from Dollar General, a credit-rated tenant. The lease includes five, five-year renewal options, with a 5% rent increase every five years. The current asking price is $2,221,689, representing a 6.75% cap rate and a price per square foot of $208.81. The property currently generates a net operating income (NOI) of $149,964, reflecting 100% occupancy. This strategically located property is near Winterboro High School and the AL Hwy 21 corridor, benefiting from proximity to Talladega and Sylacauga, and the significant economic activity generated by Honda Manufacturing of Alabama and Talladega Superspeedway. This is a rare opportunity to acquire a high-quality, passively managed investment with a strong tenant and significant long-term growth potential.

Location Insight

City

Alpine

County

Talladega

State

Alabama

Latitude

33.3274

Longitude

-86.1968

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