1509 Elba Hwy - Freestanding FOR SALE


Troy, AL 36079
$2,106,489 USD
256-520-5000
1509 Elba Hwy, Troy, AL for Sale
$2,106,489 USD
Freestanding - FOR SALE
1/1
null | 6.75% Cap Rate

1509 Elba Hwy
Troy, AL 36079


HIGHLIGHTS

  • NNN Lease
  • New Lease
  • 5% rent increase every 5 years

OVERVIEW

LHT Commercial Real Estate, LLC is pleased to bring to market this brand new free standing Dollar General store. This store has a brand new guaranteed NNN lease that has a 5% rent increase every 5 years. This lease has a 15 year initial term with 5 – 5 year options. Troy is located in the southern part of Alabama and is the County seat of Pike County. This store has a 9,100 square foot building. The yearly rental income is $142,188. 6.75% CAP with a $2,122,209 Sales Price. The store opens November 2026 and the coordinates for the store are 31.7628 -85.9618. There are over 17,000 people in Troy. Troy is also the home to Troy University, the 4th largest school in the state. I have other properties as well that are not “on the market”. Contact me today for more information.

FOR SALE DETAILS

PRICE

$2,106,489 USD

PRICE/SF

$231 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

1704-1700000-110000

ASK ABOUT THIS PROPERTY

Jonathan BroadwayLHT Commercial Real EstateMore Info
256-520-5000

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Jonathan BroadwayLHT Commercial Real EstateMore Info
256-520-5000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.