$1 Auction - REIT Sale/Fmr Family Dollar Tree 5956 Main St Local commercial 981 m² À vendre Pennington, AL 36916 111 764 € (113,93 €/m²)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building located at 5956 Main Street in Pennington, Choctaw County, Alabama 36916 (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 secure a highly visible retail asset with direct highway frontage at a compelling basis. FIRST BID MEETS RESERVE!
Built in 2022, the Property consists of a ±10,559-SF single-story building on a ±1.61-acre parcel (±70,327 SF) with a concrete surface parking lot offering 39 spaces. Constructed to modern design standards, the building features an open retail floor plan and a flexible footprint suitable for a wide range of commercial uses. The site is strategically positioned along Highway 156 (Jachin Road which sees approximately ±1,517 vehicles per day (VPD) and County Road 33, ensuring visibility and accessibility. Previously operated in 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 rents in the range of $7-$9/SF NNN. With no zoning ordinance or zoning regulations in Choctaw 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.
Pennington, Alabama is a small town in Choctaw County notable for its strategic transportation assets—being the only locality in the county that offers rail, highway, and water access. The town’s economy includes historic ties to timber and paper manufacturing, with current industrial operations such as the Georgia-Pacific (Naheola) paper mill contributing to local employment. The site is strategically located along State Route 156 which runs through Pennington, connecting it to regional road networks. Pennington is approximately ±130-miles north of Mobile and midway between Montgomery, Alabama (120-mi) and Jackson, Mississippi (134-mi). The 10-mi trade area has approximately ±2,204 residents with an average household income (AHHI) of $58,791, underpinned by the county’s role in agriculture, manufacturing, and regional transportation.