UPGRADED 14-YEAR NNN DOLLAR GENERAL • The subject property is a 9,100 SF Dollar General with 2 sided upgraded construction and was built in 2020. • This Dollar General has 14 years remaining on a 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure. • There are 10% rent increases in each of the four, 5-year option periods.
SAVANNAH • Port Wentworth is located 8 miles Northwest of downtown Savannah, GA. • Savannah is Georgia’s fifth-largest city with an estimated population of 146,444 and the third largest MSA of 387,543 • The Port of Savannah is the second largest U.S. seaport on the east coast and creates 350,000 jobs and does over $66 billion in annual sales • Savannah is the oldest city and the top tourist destination in Georgia with over 12.1 million tourists annually. • Home to Hunter Army Airfield which services Fort Stewart (11,205 Military Personnel) and Savannah College of Art & Design (13,000 Students) & Georgia Southern University–Armstrong Campus (5,278 Students) • Savannah is the county seat of Chatham County.
ADJACENT TO SAVANNAH PORT & AIRPORT • Located on GA 25 (5,220 VPD), less than a mile East of GA 21 (32,100 VPD) and 5 miles East of I-95 (92,400 VPD) • This store is located less than 2 miles West of the Port of Savannah which creates 350,000 jobs and does over $66 billion in annual sales. • The property is located 4 miles East of Savannah/Hilton Head International Airport which is GA’s second largest airport with 3,021,077 commercial passengers annually. • Nearby national retailers include Food Lion, CVS, McDonald’s, Walgreens, O’Reilly’s and more. • 5 mile population has experienced a 32.21% population growth and has an average house hold income of $66,679.
INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 18,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.
ASSUMABLE FINANCING • This Dollar General has attractive CMBS financing in place that will need to be assumed. (see page 3 of OM for details)