Dollar General

Dollar General

1401 West Oak Ridge Drive
Albany, GA

Price: $1,581,000
Cap: 6.25%
NOI: $98,808
Building Size: 9,100 SF
Lot Size: 2.00 AC

Investment Highlights

NEW UPGRADED BRICK CONSTRUCTION
• Brand New 9,100 SF Build to Suit Dollar General in Albany, GA
• This store features upgraded two-sided masonry and is scheduled for delivery in late March 2020.

SUPERIOR DEMOGRAPHICS
• The 5-Mile population is 66,044 which is superior to most Dollar General locations.

LOCATED NEXT TO AIRPORT AND UNIVERSITY
• Well positioned on W Oakridge Drive (11,000 VPD) and 12 minutes away from US Hwy 19 (24,200 VPD) with excellent street frontage, access, and visibility.
• This property is well positioned near Albany Technical University (5,016 Students) and across from the Southwest Georgia Regional Airport which has 39,200 passenger boarding’s per day.
• Surrounded by combination of local and national retailers including: Citgo, McDonald’s, Popeyes, Subway, Burger King, Walgreens, Wendy’s, and many more.

ALBANY
• Albany is the 8th largest city in GA with a population of 77,434 and is the county seat of Dougherty County.
• Albany is the hub of Southwest GA for healthcare, retail, cultural activities, manufacturing and higher education.
• Home to Albany Technical University (5,016 Students) and the Southwest Georgia Regional Airport which has 39,200 passenger boarding’s per day.
• Albany boasts several quality-of-life amenities within walking distance of the aquarium, including Riverfront Park, Turtle Grove Play Park, the Thronateeska Heritage Center, Wetherbee Planetarium and the Albany Civil Rights Institute.

LONG TERM CORPORPORATE ABSOLUTE NNN LEASE
• Brand new, 15-year corporate guaranteed lease with Dollar General.
• Tenant 100% responsible for all expenses, which include taxes, CAM, insurance, roof and structure.
• 10% rent increase in each of the four, 5-year option periods.

INVESTMET GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 Company and is BBB investment grade rated.
• There are currently over 15,836 locations in 45 states and 975 new locations expected to be opened this year.
• Dollar General has been in business for 80 years and has a current net worth of over $6B.

Don McMinn
OFFERING MEMORANDUM

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