For Sale
$2,476,985

323 Honeysuckle DrBridgeboro, GA 31705

High-yield NNN retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, 12,480-square-foot Dollar General Market in Albany, Georgia. Located at 323 Honeysuckle Dr, Albany, GA 31705, this single-tenant property boasts a 15-year absolute NNN lease commencing October 14, 2024, and expiring October 31, 2039, with a remaining term of 15 years. The lease includes five 5-year renewal options, each with a 5% rent increase. The tenant, Dollar General Corporation, holds an investment-grade credit rating, providing strong financial security. The property features 67 parking spaces and sits on a 2.62-acre lot in a high-traffic area, with 16,624 cars passing daily. The building, constructed in 2024, offers a sizable footprint and is strategically positioned for optimal visibility. With a 100% occupancy rate and a net operating income (NOI) of $161,004, the property offers a compelling 6.50% cap rate at an asking price of $2,476,985 ($198.48/sq ft). The average household income within one mile is $67,391, and the five-mile population is 32,650, indicating a strong market for this type of retail establishment. This is an ideal opportunity for a 1031 exchange or passive investor seeking a secure, high-return investment in a proven retail concept. The property is zoned commercial.

Highlights

  • Brand new, 12,480 SF Dollar General Market with a 15-year absolute NNN lease.
  • Zero landlord responsibilities.
  • 15-year lease with five, 5-year renewal options, each with a 5% rent increase.
  • Corner location with 16,624 cars passing daily.
  • 2024 construction, 2.62-acre lot, 67 parking spaces.
  • $67,391 average household income within one mile; 32,650 population within five miles.

Property Details for 323 Honeysuckle Dr

Property type
Retail properties, Retail space
Square Feet
12,480 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
114,127 SF
Units
1

Location Insight

City
Bridgeboro
County
Dougherty
State
Georgia
Latitude
31.520389
Longitude
-84.1198919
323 Honeysuckle Dr, Bridgeboro, Georgia

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323 Honeysuckle Dr
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