Dollar General

Dollar General

TBD GA Hwy 301
Trenton (Chattanooga MSA), GA

Price: $1,346,000
Cap: 6.40%
NOI: $86,100
Building Size: 9,026 SF
Lot Size: 2.28 AC

Investment Highlights

NEW BUILD-TO-SUIT CONSTRUCTION STORE
• Brand new 9,026 SF Build-to-Suit Dollar General located in Trenton (Dade County), GA.
• This store is currently under construction and scheduled for delivery in April 2021.

CHATTANOOGA MSA
• Trenton is located between I-59 (21,700 VPD) and I-24 (51,200 VPD), 20 minutes South of Chattanooga and is part of the MSA (547,776+).
• 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.”
• 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.

ATTRACTIVE NORTH GEORGIA LOCATION
• The North Georgia Mountains are home to the Appalachian Trail which sees over 3 Million hikers per year.
• Home to the University of North Georgia that contributes more than $667 Million to the North Georgia economy.
• According to CNBC and based on more than 60 measures of competitiveness, Georgia has one of the top economic climates in the United States (#7 overall).
• Georgia is ranked top 5 nationwide in the workforce, infrastructure, and economy categories.
• Seventeen Fortune 500 companies are headquartered in Georgia, including Home Depot, UPS, Coca-Cola, Delta, SunTrust Banks, and Aflac.

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 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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