NEW UPGRADED CONSTRUCTION STORE • Brand New 9,100 SF Build-to-suit Dollar General in Conover, NC. • This store has newly upgraded construction, consisting of two-sided masonry façade improvements and is scheduled for delivery October 2020..
ATTRACTIVE DEMOGRAPHIC LOCATION • The 5-mile population is 44,889 and the average household income is $71,613 which is superior to most Dollar General locations. This Dollar General sits at the intersection of Springs Road (11,000 VPD) and Houston Mill Road (2,700 VPD) which is 8 miles from Downtown Conover and Hickory. • Hickory is home to many leading furniture manufacturers and approximately 60% of the nation’s furniture used to be produced within a 200-mile radius. • Hickory is home to Lenoir-Rhyne University, a private liberal arts university founded in 1891 with 3 campuses totaling over 2,500 students and faculty.
CHARLOTTE METROPOLITAN AREA • Conover is well located 60 miles West of Winston-Salem, 80 miles East of Asheville, 50 miles Northwest of Charlotte and is part of the Charlotte Metropolitan Area. • Charlotte is the largest city in North Carolina and the second largest in the southeast. • Charlotte is home to more than 10 Fortune 1000 companies, including Bank of America, Lowe’s and Wachovia Corp. • The city is also home to the Carolina Panthers, the Charlotte Hornets, the NASCAR Hall of Fame and the U.S. National Whitewater Center. • Charlotte Douglas International Airport was ranked the fifth busiest airport in the U.S.
LONG TERM CORPORATE NNN LEASE • Brand new, 15-year Corporate Guaranteed Lease with Dollar General. • The Tenant is 100% responsible for all expenses, which include taxes, CAM, insurance, roof and structure. • There are 10% rent increase 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 16,000+ 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.