Dollar General

Dollar General

TBD McCall Road
Rincon (Savannah MSA), GA

Price: $1,815,000
Cap: 5.55%
NOI: $100,680
Building Size: 9,100 SF
Lot Size: 1.8 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL
• Brand New Dollar General with Façade Upgrades located in Rincon (Savannah), GA.
• This store is currently under construction and scheduled for delivery in June 2021.

SAVANNAH MSA
• Rincon is located 15 miles Northwest of downtown Savannah, GA and is part of the Savannah MSA.
• Savannah is Georgia’s fifth-largest city with an estimated population of 146,444 and the third largest MSA of 387,543.
• The Port of Savannah is the second largest U.S. seaport on the east coast and creates 350,000 jobs and does over $66 billion in annual sales.
• Savannah is the oldest city and the top tourist destination in Georgia with over 12.1 million tourists annually.
• Home to Hunter Army Airfield which services Fort Stewart (11,205 Military Personal) and Savannah College of Art & Design (13,000 Students) & Georgia Southern University–Armstrong Campus (5,278 Students).
• Savannah is the county seat of Chatham County.

AFFULENT HIGH GROWTH MARKET
• Surrounded by multiple apartment complexes and housing developments. The 5 Mile population is 31,752 with over 27% growth.
• The average household income is $89,527 which is superior to most Dollar General Locations.

HIGH TRAFFIC LOCATION
• This Dollar General is located off Hwy 21 (31,600 VPD), an 85-mile highway connecting Savannah and Millen, GA.
• Nearby national retailers include Lowe’s, Kroger, Tractor Supply, CVS, Starbucks, McDonalds and more.

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, CAM, 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 17,000 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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