For Sale
$1,394,645

1505 Maple AveAlbany, GA 31705

High-Traffic Dollar Tree NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 1.2-acre, 2015-built Family Dollar (now Dollar Tree) retail property in Albany, GA. The property boasts a 15-year absolute NNN lease (expiring 09/30/2031), with seven years remaining and six, five-year options, each including a 10% rent increase. The current annual net operating income (NOI) is $106,690, yielding a 7.65% cap rate, projected to increase to 8.41% in 2026 due to a built-in 10% rent bump. The property benefits from a highly visible location on Hwy 300, experiencing over 65,000 vehicles per day, and enjoys proximity to Albany State University (approximately 6,000 students) and Albany Middle School (approximately 840 students). The 5-mile radius boasts a population exceeding 61,458 residents. The tenant, Dollar Tree, is a credit-rated, investment-grade corporation with a corporate guarantee, providing significant financial stability. This is a rare opportunity to acquire a low-maintenance, high-return retail investment with a strong tenant and significant upside potential. The asking price is $1,394,645.

Highlights

  • 2016 built-to-suit Family Dollar (now Dollar Tree) building.
  • 5-mile population exceeding 61,458 residents.
  • Absolute NNN lease; zero landlord responsibilities.
  • High-traffic location on Hwy 300 (65,000+ vehicles per day).
  • Proximity to Albany State University (approx. 6,000 students) and Albany Middle School (approx. 840 students).
  • 10% rent increase in 2026, plus six 5-year options with 10% increases each.

Property Details for 1505 Maple Ave

Property type
Retail properties, Drug stores
Year Built
2015
Lot Size (sq. ft)
52,272 SF

Location Insight

City
Albany
County
Dougherty
State
Georgia
Latitude
31.596855469135
Longitude
-84.115891557234
1505 Maple Ave, Albany, Georgia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1505 Maple Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message