Dollar General

Dollar General

1934 Harrietts Bluff Road
Woodbine (Jacksonville, FL MSA), GA

Price: $1,757,000
Cap: 5.90%
NOI: $103,632
Building Size: 9,100 SF
Lot Size: 1.3 AC

Investment Highlights

NEW CONSTRUCTION BUILD-TO-SUIT DOLLAR GENERAL
• Brand new 9,100 SF Build-to-Suit Dollar General located in Woodbine, GA.
• This store is currently under construction and scheduled for delivery in January 2021.

INTERSTATE LOCATION
• This property sits directly off Interstate 95 (67,000 VPD). Interstate 95 is the main interstate on the East Coast that connects Northern Maine to Miami, FL.
• Located two exits from Kings Bay Naval Base. As the home port for Navy ballistic missile submarines, Kings Bay contributes over $1.1 Billion to the local economy and supports over 9,000 military personnel.
• Strategically positioned less than 5 miles from Hwy 40 (18,100 VPD), the primary retail corridor for Kingsland, GA with Publix, Lowe’s, Tractor Supply and more.
• Woodbine is the county seat of Camden County, the 11th largest county in Georgia.

JACKSONVILLE MSA
• The property is well positioned in Coastal Georgia between Savannah and Jacksonville, FL. Woodbine is located 35 miles North of Jacksonville and is part of the Jacksonville, Florida MSA.
• Jacksonville is the most populous city in the Southeast and the 12th most populous city in the U.S. with a population of over 926,000.
• The Port of Jacksonville handles over 21 million tons of cargo per year, contributes over $19 Billion to the economy annually and supports over 65,000 jobs.
• Jacksonville is home to multiple Fortune 500 companies including CSX Corporation, Fidelity National Information Services and Southeastern Grocers.
• Jacksonville, FL sees over 95 Million tourists per year that contribute over $1 Billion to the economy annually and support over 43,000 jobs.
• Home to the Jacksonville Jaguars and TIAA Bank Field that has a capacity of 67,814 seats.

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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