Atlantic City, NJ - Dollar General

30 Albany Ave, Atlantic City, NJ

$2,022,000

Price

6.75%

Cap Rate

$137,500

NOI

Overview
Cap Rate
6.75%
NOI
$137,500
Building Size
6,959 sqft
Lot Area
0.17 acres
Description

• Dollar General has 9.5 years remaining on their current lease with 2 (5-year) options to extend, demonstrating their commitment to this location
• 2023 renovation featuring a brand new roof and upgraded construction
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 19,720 locations in 47 states as of November 2023

• Dollar General is ideally located off U.S. Hwy 40 (41,200 VPD) and 3 blocks from the famous boardwalk, attracting both residents and tourists
• Known for its casinos, hotels, beaches, and boardwalk, Atlantic City is one of the most popular tourist destinations in the United States averaging 27 million visitors each year
• Nearby resort hotels include Borgata (2,000-rooms), Ocean Casino Resort
(1,399-rooms), and the Golden Nugget Atlantic City (717-rooms)
• 2 miles from Downtown Atlantic City


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Listing ID: a28TP0000008X5FYAU
Location
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