DOLLAR GENERAL | ALBANY, GEORGIA
INVESTMENT SUMMARY
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
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