Dollar General
Newly constructed single-tenant Dollar General in Troy, Alabama, offered at $2,106,489 at a 6.75% cap ($142,188 NOI). The asset is secured by a 15-year absolute NNN lease with 5% rent increases every five years, plus five additional 5-year renewal options, providing 40 years of potential lease term and zero landlord responsibilities.
The 9,100 SF building is scheduled to open in November 2026 on a 1-acre site along Elba Highway in Pike County. Troy, the county seat, is home to Troy University, Alabama's fourth-largest university, and serves a community of more than 17,000 residents. The location offers strong retail visibility and traffic on a primary commercial corridor.
- 15-year absolute NNN lease with zero landlord responsibilities
- 5% rent increases every five years plus five 5-year renewal options (40-year potential term)
- New 2026 construction, fully built-to-suit
- 6.75% cap rate; passive, 1031-eligible income
- County seat location anchored by Troy University and 17,000+ residents
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About this property
LHT Commercial Real Estate, LLC is offering a newly constructed, single-tenant Dollar General property in Troy, Alabama. The asset is secured by a brand-new 15-year absolute NNN lease featuring 5% rental increases every five years, along with five additional 5-year renewal options. The 9,100-square-foot building is scheduled to open in November 2026 and generates an annual rental income of $142,188, resulting in a 6.75% cap rate at the asking price of $2,122,209. Located in Pike County, where Troy serves as the county seat, the property benefits from a community of more than 17,000 residents and the presence of Troy University, the fourth-largest university in Alabama. The site is located at coordinates 31.7628, -85.9618. Additional off-market investment opportunities are also available upon request.