NEW UPGRADED CONSTRUCTION STORE • New Build-to-Suit 9,100 SF Dollar General located in Waycross, GA. • This store has upgraded construction and is scheduled for delivery in March 2021.
PRIMARY RETAIL CORRIDOR LOCATION • Strategically positioned on Reynolds Street (19,800 VPD) and less than half a mile South of US 84 (18,800 VPD). • Surrounded by 3.3 Million SF of retail within a 2.5 mile radius including Kroger, Lowes, T.J. Maxx and many more. • Located 5 miles from Waycross-Ware County Airport that supports 18,000 aircraft operations annually. • 2 miles away from South Georgia State College Waycross Campus (2,500 students) and Ware County High School (1,548 students). • Located next to a dense residential infill with a 5 mile population of over 30,000 people.
WAYCROSS, GA • Waycross is the county seat of Ware County located in the Southeast corner of Georgia about 75 miles North of Jacksonville, Florida and 1 hour West of the Golden Isles. • Known as the regional crossroads, Waycross is home to the largest CSX computerized rail yard on the East Coast and is the center of all rail traffic in the Southeast. • The railroads have a major impact on the economy in Waycross by employing over 1,200 people with a payroll of more than $48 Million. • Home to the Okefenokee Swamp Park, a 450 acre national wildlife refuge, that sees over 55,000 visitors per year. • Waycross hospital, Memorial Satilla Health, employs over 1,100 people and has over 231 patient rooms.
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.