Dollar General

Dollar General

2351 Cove Road
Jasper (Atlanta MSA), GA

Price: $1,223,000
Cap: 6.75%
NOI: $82,536
Building Size: 9,100 SF
Lot Size: 2.41 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION STORE
• This property is a 9,100 SF build-to-suit Dollar General located in Jasper (Atlanta MSA), GA
• This store opened for business in March 2017

ATLANTA MSA
• Jasper is the county seat of Pickens County, GA and is located approximately one hour north of Atlanta, situated at the foothills of the Appalachian Mountains.
• Jasper is known as the “Marble Capital” of GA and its marble has been used in such illustrious buildings as the US Supreme Court, the New York Stock Exchange, and the Lincoln Memorial.
• With an overall population of 6.1 million throughout the 28-county metro area, Atlanta is the ninth largest MSA in the U.S. and is projected to be the 6th most populated metro area by 2020.

ATTRACTIVE LOCATION
• Well located at the intersection of Grandview Road and Cove Road with 5,180 VPD.
• The 5-Mile average household income is $72,590 which is superior to most Dollar General locations.
• Located in attractive residential area and surrounded by combination of local and national retailers.

LONG TERM CORPORATE ABSOLUTE NNN LEASE
• The subject property has 12 years remaining on a new 15-year corporate guaranteed lease with Dollar General.
• Tenant is 100% responsible for all expenses, including roof, structure, taxes, insurance and common area maintenance.

INVESTMENT GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company and is BBB investment grade rated.
• Currently over 16,000 locations in 45 states with 975 new locations expected to be opened this year.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion

Don McMinn
OFFERING MEMORANDUM

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