Dollar General

Dollar General

29 GA-151 (N. Old Alabama Hwy)
LaFayette, GA

Price: $1,102,000
Cap: 6.75%
NOI: $74,376
Building Size: 9,026 SF
Lot Size: 2.48 AC

Investment Highlights

• 9,026 SF Build-to-suit Dollar General in LaFayette (Chattanooga MSA), GA.
• This store has upgraded construction and was built in April 2017.

• The subject property has 12 years remaining on a 15-year Corporate Guaranteed Lease with Dollar General.
• The Tenant is 100% responsible for all expenses, including roof, structure, taxes, insurance and common area maintenance.
• There are 10% rent increases in each of the five, 5-year option periods.

• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company and is BBB investment grade rated.
• There are currently over 15,839 locations in 45 states and 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 billion.

• LaFayette, the county seat of Walker County, GA, is located 28 miles south of Chattanooga (within the Chattanooga, TN-GA MSA).
• Chattanooga, the fourth largest city in Tennessee, is known as the Scenic City; its location along the Tennessee River at the foothills of the Appalachian mountains
provides stunning natural beauty and extensive outdoor recreational activities for residents and visitors alike.
• The city’s investment in the first Gig Internet, providing a 100% fiber network linking every home and business in a 600-square-mile area, has enhanced the economy, bringing both start-ups and major corporations to the area, including, Chase headquarters, and the expansion of Volkswagen’s Chattanooga plant.
• Chattanooga is also home to the University of Tennessee with more than 11,500 enrolled, Chattanooga State Community College, with about 11,000 students, Southern Adventist University, Virginia College and Covenant College.

Don McMinn

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