Dollar General

Dollar General

430 U.S. Highway 80
Allentown (Dublin MSA), GA

Price: $1,077,000
Cap: 6.85%
NOI: $73,759
Building Size: 9,100 SF
Lot Size: 2.0 AC

Investment Highlights

BRICK FRONT BUILD-TO-SUIT DOLLAR GENERAL
• Build-to-Suit Dollar General with a brick front façade located off I-16 in Allentown (Wilkinson County), GA.
• This store is 9,100 SF and opened in March of 2015.

ATTRACTIVE INTERSTATE LOCATION
• This Dollar General is well located about 1 mile North of I-16 (25,300 VPD). Interstate 16 is a major East-West Interstate that connects Macon and Savannah.
• The 5 Mile Average Household Income is $62,380 which is superior to most Dollar General locations.
• Nearest dollar store competition is approximately 10 miles away.

DUBLIN MSA
• Allentown is located off I-16 approximately 19 miles West of Dublin, GA and is part of the Dublin MSA.
• Dublin is home to numerous national retailers including Home Depot, Kroger, Walmart, TJ Maxx, Walgreens, Big Lots and more.
• Dublin has a growing economy and many industrial distribution centers due to its central location between Savannah and Atlanta, GA.
• Home to multiple colleges including Middle Georgia State University (700 students), Georgia Military College (8,812 students state wide) and Oconee Fall Line Technical College (1,428 students).
• Dublin is home to Baron Field Dublin Municipal Airport that services general aviation air traffic from all over the Southeastern Region of the U.S.
• Dublin is known as “The Emerald City” and is the county seat of Laurens County.

9.5 YEAR CORPORATE NNN LEASE
• The subject property has 9.5 years remaining on a 15-year Corporate Guaranteed NNN Lease.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• There are 10% rent increases in each of the five, 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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