Retail – Discount / GroceryEldridge, ALCode AMC-5697

Dollar General – Eldridge, AL

376 Smothers Avenue, Eldridge, AL 35554

Asking price

$1,179,565

Cap rate: 7.35%
NOI: $86,698

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Property details

Tenant: Dollar General
Property type: Retail – Discount / Grocery
Lease type: Absolute NNN
Lease guarantee: Credit Rated, Corporate Guarantee
Term remaining: 9 yrs
Renewal options: Five, Five-Year Renewal Options with 10% Rental Increases
Listing code: AMC-5697

Investment highlights

Absolute NNN Lease with zero landlord responsibilities
Corporately Guaranteed lease by Dollar General (S\&P: BBB)
Minimal retail competition in the surrounding areas
Long lease term remaining of 8 years
Brand new construction back in 2019
Five, Five-Year Renewal Options with 10% Rental Increases
To Be Sold Only as Part of the 7-Property Alabama Portfolio

Sale description

AMC Real Estate Investment Services is pleased to present this Dollar General located in Eldridge, Alabama, offered as part of a 7-property Alabama portfolio. The property operates under an absolute NNN lease with zero landlord responsibilities and is corporately guaranteed by Dollar General, an investment grade tenant (S\&P: BBB). Brand new construction back in 2019 with 8 years of firm lease term remaining, the lease features five, five-year renewal options each with 10% rental increases, providing built in income growth and inflation hedge. Eldridge is located in Walker County in north central Alabama, less than one hour northwest of Birmingham. The store sits at the intersection of two main highways with minimal retail competition in the surrounding areas, making it the go to destination for everyday needs. This property is being offered exclusively as part of the 7-property Alabama Dollar General portfolio and will not be sold individually.

Published Jul 7, 2026. Information is provided by AMC REIS from sources believed reliable; buyers should verify all figures in the offering memorandum.

Location

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376 Smothers Avenue, Eldridge, AL 35554

Pin placed from the listed street address. Site boundaries and conditions are described in the offering memorandum.

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Demographics

Population and average household income by radius from the site, as marketed.

Radius from site	Population	Average income
3 Mile	550	$65.1k
5 Mile	1,519	$65.2k
10 Mile	8,422	$65.5k

Listing brokers

Listing broker
Angelo Iacobelli
Managing Partner
(586) 200-0044 angelo@amcreis.com
BB
Broker of record
Brian Brockman
Bang Realty-Alabama Inc
(513) 898-1551 bor@bangrealty.com
License 119315

Investment calculator

Model the deal with your own down payment, rate and amortization. NOI, debt service, cash-on-cash return and DSCR update instantly.

Your scenario

Purchase price

USD

Pre-filled from the asking price; adjust to model an offer.

Cap rate

NOI = price × cap rate · marketed NOI $86,698

Down payment$412,848 equity

All-cash at 100%Loan $766,717 · LTV 65%

Interest rate

% / yr

Amortization

years

Estimated returns

Equity: $412,848
Loan: $766,717

Net operating income (annual): $86,698
Monthly debt payment: $5,297
Annual debt service: $63,568
Cash flow after debt service: $23,130
Cash-on-cash return: 5.6%
Debt service coverage (DSCR): 1.36×

Discuss financing with an advisor

Estimates for Dollar General – Eldridge, AL only; not an offer of financing. Lender terms, closing costs, reserves and taxes vary. NNN leases shift operating expenses to the tenant, so NOI is modelled as price × cap rate.