Dollar General Market | Chattanooga MSA

Investment Highlights

15 YR NNN “NEXT GEN” DG LEASE WITH 5% BUMPS IN INITIAL LEASE & OPTIONS
• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, parking lot, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.

NEW CONSTRUCTION DG MARKET
• DG Market is a combo store with fresh produce, milk, meats, and other groceries added to Dollar General’s usual mix of low-price general merchandise.
• This store opened and rent commenced in September 2024.

SIGNALIZED INTERSECTION (12,070 VPD) OFF AN INTERSTATE
• This Dollar General is located at the signalized intersection of two highways with a combined traffic count of 12,070 vehicles per day.
• The subject property is 4 miles off Interstate 59 (22,400 VPD). Interstate 59 connects Trenton to Chattanooga.
• Additional national retailers in Trenton include Tractor Supply, CVS, O’Reilly Auto Parts, McDonalds, and more.

CHATTANOOGA MSA | 4TH LARGEST CITY IN TN
• This Dollar General is located 30 minutes southwest of downtown Chattanooga off interstate (22,400 VPD).
• Chattanooga is the fourth largest city in Tennessee with a population of over 170,000 people.
• Chattanooga is one of the South’s top travel destinations, with The New York Times naming Chattanooga one of the “Top 45 Places to Go.”
• 3 million tourists visit Chattanooga annually and contribute $1.16 Billion to the economy.
• Major industries that drive the economy include automotive, advanced manufacturing, food and beverage production, healthcare, insurance, tourism, and back office and corporate headquarters.
• Chattanooga’s affordable cost of living with one of the area’s lowest tax rates as well as the Volkswagen plant has boosted the area’s labor force.

INVESTMENT GRADE TENANT (S&P: BBB)
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.