1505 Maple Ave Albany, GA 31705
- Retail properties
- 1.20 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1505 Maple Ave
- Year built
- 2015
- Lot size
- 1.20 lot acres
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Dougherty
- State
- Georgia
- Longitude
- -84.1159
- Latitude
- 31.5969
