17824 Montgomery Hwy 10,500 SF Retail Building Highland Home, AL 36041 $2,376,219 CAD ($226.31 CAD/SF) 6.20% Cap Rate

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.