NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new two sided brick 9,100 SF Build-to-Suit Dollar General located in Dalton, GA. • This store is currently under construction and scheduled for delivery in May/June 2021.
DALTON IS THE CARPET CAPITAL OF THE WORLD • Subject property is located on Cleveland Hwy (15,300 VPD) and is near I-75 (78,000 VPD). • Dalton is the county seat of Whitfield county located just off Interstate 75 in the foothills of the Blue Ridge Mountains and is the second largest city in Northwest Georgia. • Dalton is known as “The Carpet Capital of the World” and is home to 90% of the world’s carpet production. • Dalton houses over 150 carpet plants employing approximately 30,000 people, and future job growth is predicted to be 36.74% over the next 10 years. • Dalton is home to Dalton State College (5,987+ Students). Dalton and Whitfield County School districts include 34 schools with over 17,929 students. • The 5-Mile population for this Dollar General is 29,300 and Average HHI is $70,873.
CHATTANOOGA MSA • Dalton is well located 30 miles South of Chattanooga, Tennessee 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. • There is no state property tax in Tennessee.
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.