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$1 Auction-REIT Sale | Fmr Family Dollar Tree 30065 Highway 17 10,578 SF Retail Building Millry, AL 36558 $119,987 CAD ($11.34 CAD/SF)
INVESTMENT HIGHLIGHTS
- ABSOLUTE $1 AUCTION | Former Family Dollar & Dollar Tree | 2022 Built | 1.14 AC | AUCTION DECEMBER 8-10
- Built in 2022; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
- Strategic Frontage and Visibility with Traffic Counts of 2,065 VPD on Jordan St
- 10,578 SF Freestanding Value-Add Retail on 1.14 Acres Available at Substantial Discount Below Replacement Cost
- Surrounding Traffic Generators: Dollar General, USPS, City Hall, Citgo, High School, Local Retail & Grocery
- Attractive Demographics with Annual Household Income of ±$72,232 (10-mile radius)
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 30065 State Highway 17, Millry, Washington County, Alabama 36558 (the “Property”). Formerly occupied by Family Dollar-Dollar Tree, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE!
Built in 2022, the Property consists of a ±10,578-square-foot, single-story free-standing retail building situated on ±61,475 square feet (±1.14 acres) with an asphalt surface parking lot with 40 spaces. The site is strategically positioned along State Highway 17 which sees approximately ±2,065 vehicles per day (VPD) and near the intersection with 1st Avenue with 1,367 VPD, ensuring visibility and accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar-Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of $7–$9/SF NNN. With no zoning ordinance or zoning regulations in Washington County, the Property supports a wide variety of potential commercial uses, enhancing its flexibility and appeal for both investors and owner-users seeking a strategically positioned asset at an attractive cost basis.
Millry, Alabama is a small town in Washington County, located in the southwestern part of Alabama along U.S.?Highway?17. Surrounding traffic generators include Dollar General, USPS, City Hall, Citgo, High School, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 4,937 residents and an average household income of ±$72,232 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.
Built in 2022, the Property consists of a ±10,578-square-foot, single-story free-standing retail building situated on ±61,475 square feet (±1.14 acres) with an asphalt surface parking lot with 40 spaces. The site is strategically positioned along State Highway 17 which sees approximately ±2,065 vehicles per day (VPD) and near the intersection with 1st Avenue with 1,367 VPD, ensuring visibility and accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar-Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of $7–$9/SF NNN. With no zoning ordinance or zoning regulations in Washington County, the Property supports a wide variety of potential commercial uses, enhancing its flexibility and appeal for both investors and owner-users seeking a strategically positioned asset at an attractive cost basis.
Millry, Alabama is a small town in Washington County, located in the southwestern part of Alabama along U.S.?Highway?17. Surrounding traffic generators include Dollar General, USPS, City Hall, Citgo, High School, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 4,937 residents and an average household income of ±$72,232 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,578 SF
Building Class
B
Year Built
2022
Price
$119,987 CAD
Price Per SF
$11.34 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.14 AC
Zoning
Commercial
Parking
40 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
282’ on Jordan St
NEARBY MAJOR RETAILERS
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$1 Auction-REIT Sale | Fmr Family Dollar Tree | 30065 Highway 17
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