17824 Montgomery Hwy - Freestanding FOR SALE


Highland Home, AL 36041
$1,736,000 USD
715-505-1200
17824 Montgomery Hwy, Highland Home, AL for Sale
$1,736,000 USD
Freestanding - FOR SALE
1/12
null | 6.2% Cap Rate

17824 Montgomery Hwy
Highland Home, AL 36041


OVERVIEW

As exclusive advisor, MMG Real Estate Advisors is pleased to present the rare opportunity to acquire a Family Dollar single-tenant retail property located at 17824 Montgomery Highway in Highland Home, Alabama. Offered at $1,736,000, or $165 per square foot, the investment delivers an attractive 6.20% cap rate supported by $107,625 in Net Operating Income (NOI). The property is leased to Family Dollar, a nationally recognized discount retailer, and benefits from a strategic location along US-331, the region’s primary north–south corridor serving surrounding rural communities. The lease extends through February 28, 2032, and includes four five-year renewal options, providing long-term income stability. Structured as a triple-net (NNN) lease, the tenant is responsible for the majority of operating expenses, minimizing landlord responsibilities. Additionally, the lease features built-in rent increases of $0.50 per square foot at each renewal option, offering consistent income growth and long-term upside potential. Highland Home is supported by a stable economic base driven by agriculture, healthcare, and light manufacturing, reinforcing the property’s role as an essential retail provider within its trade area. With limited nearby competition and a strong national tenant serving daily-needs demand, this offering represents a secure, cash-flowing investment with durable fundamentals and long-term value appreciation potential.Provide your feedback on BizChat.

FOR SALE DETAILS

PRICE

$1,736,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar - Highland Home

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

62,026 SF

ZONING

-

APN/PARCEL ID

24 03 01 12 2 000 016.002

ASK ABOUT THIS PROPERTY

Jeff BurgfechtelMMG - Natl. Net Lease TeamMore Info
715-505-1200

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Jeff BurgfechtelMMG - Natl. Net Lease TeamMore Info
715-505-1200

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