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DOLLAR GENERAL | ALBANY, GEORGIA

Purchase Price
$778,888
Location
1515 Radium Springs Rd
Cap Rate
7.50%
Annual Rent
$58,416.60
Building Size
8,000 SF
Land Area
1.20 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
6.5 Years
LEASE EXPIRATION
06/30/2031
Renewal Options
One (1) - Five (5) Year
RENT INCREASES
6% in Option
Parking
42 Spaces
Year Built
2001
APN
00227-00000-35D
Traffic Counts
9,351 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • 6.5 Years Remaining in Existing Lease Term (Lease Exp: 06/30/2031)
  • 2001 Build-to-Suit Construction - 8,000 SF
  • One (1) - Five (5) Year Option
 

RECENT LEASE EXTENSION - SEPTEMBER 2024:

  • Tenant Just Exercised their Next 5-Year Option Period
  • Renewal Notice Sent 18 Months Prior to the Required Deadline to Renew
 

LONG TERM OPERATING HISTORY - 20+ YEARS:

  • Dollar General Has Been Operating at this Location for 23+ Years (Since 2001)
 

NN LEASE - MINIMAL LANDLORD RESPONSIBILITIES:

  • Landlord Responsibilities Limited to Roof, Parking Lot, HVAC & Structure
 

LOW RENT/PSF:

  • Tenant Paying $7.30 PSF
 

PROXIMITY FROM ALBANY, GEORGIA:

  • Columbus, GA | 86 Miles
  • Tallahassee, FL | 86 Miles
  • Macon, GA | 106 Miles
  • Montgomery, AL | 156 Miles
  • Atlanta, GA | 180 Miles
  • Jacksonville, FL | 190 Miles
  • Savannah, GA | 220 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile: 3,964 Residents | $47,061 Average Household Income
  • 3-Mile: 25,851 Residents | $43,524 Average Household Income
  • 5-Mile: 53,010 Residents | $52,237 Average Household Income
  • 7-Mile: 80,079 Residents | $64,803 Average Household Income
 

TENANT:

  • Dollar General Corporation (NYSE: "DG")
  • Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
  • Ranked #111 on the Fortune 500 List (2024)
  • 20,523 Stores in 48 States

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