Dollar Tree – Albany, GA
Fortis Net Lease is pleased to present this 10,000 SF Dollar Tree Store store located in Albany, Georgia. The property is encumbered with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease includes 4-Five year options with $0.50 PSF rent increases every 5 years. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classified as investment grade.
This Dollar Tree is adjacent to a high volume ($30M) Walmart Neighborhood Market that recently completed renovation . It is also near Albany State University which has more than 6,500 student enrollment. Average Daily Traffic on Gillonville Rd. is 16,000 VPD while Westover Blvd. traffic measures 19k VPD. The three-mile population is in excess of 34,000+ with the three-mile average household income of more than $73,000. This investment offers a BBB rated tenant with financial strength and proven profitability.
INVESTMENT HIGHLIGHTS
• Brand New Prototype Construction | Corporate Lease
• 10-Year NNN Lease Requiring Minimal Landlord Responsibilities
• Four (5 Yr) Options with $0.50 PSF Rental Rate Increase
• Investment Credit Tenant | Standard & Poor’s: ‘BBB’
• Three Mile Population in excess of 34,000+
• Three Mile Average Household Income $73,485
• ADT on Gillonville Rd. is more than 16,000 VPD