request_info_guest false

Atlantic City, NJ - Dollar General

$1,964,000

30 Albany Ave, Atlantic City, NJ 08401

Active
Last Updated: 10/22/2024

7

Cap Rate

137,500

NOI

Details:
Cap Rate:    7%
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

Map:
Location
Gallery