Dollar General

Dollar General

TBD Whiddon Mill Road
Tifton, GA

Price: $1,463,000
Cap: 6.25%
NOI: $91,416
Building Size: 9,100 SF
Lot Size: 2.71 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION STORE
• New Build-to-Suit Dollar General located in Tifton, GA.
• This store has upgraded storefront construction and is scheduled for delivery in April 2021.

NEAR INTERSTATE 75
• Subject property sits 2 miles West of I-75 (57,500 VPD).
• I-75 is a major North-South interstate running from the northern tip of Michigan to south Florida.
• Tifton is the regional hub of South Georgia.

CLOSE PROXIMITY TO PRIMARY RETAIL CORRIDOR
• Subject property is at the intersection of Whiddon Mill Road (4,780 VPD) and Upper Ty Ty Road (3,240 VPD).
• This store is located 1 mile from Carpenter Road which is part of new retail and road expansion to accommodate growth in Tifton, and there are numerous new retail developments already underway including Hobby Lobby.
• Less than 2 miles from over 2 million square feet of national retail including Publix, Lowe’s, Walmart, TJ Maxx, Tractor Supply, Big Lots, and Tifton Mall (220,165 SF).
• Less than 3 miles from University of Georgia Tifton Campus (1,456 students) and Abraham Baldwin Agricultural College (3,458 students) which contribute a combined $460 Million to the Tifton economy.

TIFTON, GA
• Tifton is the county seat of Tift County and is located approximately 38 miles East of Albany and 180 miles South of Atlanta, Georgia.
• Tifton Regional Medical Center draws people from surrounding counties for medical care contributing nearly half-a-billion dollars to the local economy.
• Tifton’s geographic location and access to interstate 75 (57,000 VPD) has allowed the city to become a regional hub for healthcare, retail, agriculture, manufacturing, warehousing and distribution.
• Tifton is home to Henry Tift Myers Airport that services over 17,600 aircraft operations per year.

NEW 15-YEAR CORPORATE NNN LEASE
• Brand new 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.

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 16,500 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.

Don McMinn
OFFERING MEMORANDUM

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