Dollar General

Dollar General

TBD Duncan Bridge Road (Hwy 384)
Cleveland, GA

Price: $1,444,000
Cap: 6.60%
NOI: $95,268
Building Size: 9,002 AF
Lot Size: 3.19 AC

Investment Highlights

NEW CONSTRUCTION STORE
• Brand New 9,002 SF Build to Suit Dollar General in Cleveland, GA.
• This store is currently under construction and scheduled for delivery in August 2020.

ATTRACTIVE LOCATION
• This Dollar General is well located at the intersection of GA Hwy 255 S (2,180 VPD) and GA Hwy 384 (3,690 VPD).
• Cleveland is home to numerous national retailers including Tractor Supply, Walmart, Ingles, Chick-Fil-A, Walgreens, McDonald’s and more.
• High Growth Area - Households Projected to Increase 19%+ in a 3-Mile Radius by 2023

CLEVELAND, GA
• Cleveland is located in Georgia’s White County, approximately 90 miles northeast of Atlanta and 128 miles southeast of Chattanooga.
• Home to Truett McConnell University a private Baptist University with an enrollment of 2,600 undergraduate students, the Truett- McConnell acceptance rate is 93%.
• The city also includes the North Georgia Zoo and Petting Farm, as well as Babyland General Hospital the Cabbage Patch Kids Museum.
• With over 20 area waterfalls, seven wineries, and three state parks, White County is a prime location for outdoor recreation.
• The county is home to numerous lodging options, from upscale resorts to isolated cabins with nearby waterfalls and mountain views.

LONG TERM CORPORATE ABSOLUTE NNN LEASE
• Brand new, 15-year corporate guaranteed lease with Dollar General
• Tenant is 100% responsible for all expenses, which include taxes, CAM, insurance, roof and structure
• 10% rent increases in each of the four, 5-year option periods

INVESTMENT GRADE TENANT
• 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 over 80 years and has a current net worth of over $6B.

Don McMinn
OFFERING MEMORANDUM

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