Dollar General

Investment Highlights

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.