DOLLAR GENERAL | $1,814,523 | 6.50% CAP
The Deltondo Advisory Group is pleased to present for sale the fee simple interest in this single tenant Dollar General located at 408 South Slappy Boulevard, Albany GA 31701.
The subject property is comprised of 12,480 square feet and was built-to-suit for Dollar General in 2014. The building sits on 1.27 acres on Slappey Boulevard where the traffic count exceeds 19,150 cars per day.
Dollar General holds a triple net lease in which the landlord takes care of the roof and structure, and the tenant reimburses for taxes, insurance, and common area maintenance. The tenant has four, five-year options to extend with 10% rent bumps.
Dollar General (NYSE: DG) is the largest small-box discount retailer in the United States with over 15,472 stores in 44 states. Dollar General stores offer convenience and value to customers by offering consumable basic items that are frequently used and replenished, such as food, snacks, health and beauty aids and cleaning supplies, as well as a selection of basic apparel, housewares, and seasonal items at everyday low prices. For the 2018 fiscal year, the company reports total sales of $23.5 Billion and a net worth of approximately $6.1 Billion.
408 S Slappy Boulevard
Albany, Georgia 31701