Dollar General and Verizon Strip Center
3207-3209 MARTIN LUTHER KING JR PKWY S
Phenix City , AL 36869
Highlights
- Fully occupied
- Established, long-term tenant presence
- Great visibility and accessibility on high traffic Hwy 431
- Strategic location in Phenix City, AL
Description
Dollar General has been a tenant at the property for more than two decades, while Verizon has been in place since 2014, having exercised their final option in 2023. As Dollar General enters its final year of the base term, new ownership has the opportunity to reset the base rent and enhance reimbursements. Additionally, with both buildings situated on the same parcel, new ownership can subdivide the parcel to increase security or reduce the cost basis.
The property is situated within the Columbus, Georgia MSA, home to around 328,800 residents and supported by a diverse economy anchored by major employers such as Fort Benning, TSYS, Aflac, and Kia Motors Manufacturing Georgia. Over the past twenty years, the immediate 1-mile radius has witnessed an impressive 50% increase in population, showcasing the area's growth and future development potential. Additionally, the property offers excellent visibility and convenient access along Hwy 431, with a high daily vehicle count exceeding 31,000.
