DOLLAR GENERAL  |  $1,786,215  |  6.50% CAP

Marcus & Millichap is pleased to present for sale the fee simple interest in this single tenant Dollar General located at 300 East Oglethorpe Boulevard, Albany, GA 31705

The subject property is comprised of 9,100 square feet and was built-to-suit for Dollar General in 2014. The building sits on 1.7 acres on Oglethorpe Boulevard, the main retail corridor in Albany, where the traffic count exceeds 28,000 vehicles 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.

300 E Oglethorpe Blvd

Albany, Georgia 31705

PRESENTED BY:

PETER DELTONDO

Founder, Deltondo Advisory Group

(949) 419-3267

pdeltondo@marcusmillichap.com

BROKER OF RECORD

Michael Fasano

Lic. 052663

© 2020 Deltondo Advisory Group of Marcus & Millichap Newport Beach