Dollar General

Investment Highlights

9 YEAR NNN BUILD-TO-SUIT DOLLAR GENERAL
• Build-to-suit Dollar General located in Morganton (Blue Ridge), GA.
• This store is 9,100 SF and opened in February 2014.
• There are approximately 9 years remaining on a 15-Year Corporate Guaranteed NNN Lease.
• The lease is absolute NNN and tenant is 100% responsible for all expenses including taxes, CAM, insurance, roof and structure.
• There is a 3% rent increase in Year 11 and 10% rent increases in each of the five, 5-year option periods.

RARE 3% BASE TERM RENT INCREASE
• This store contains a rare 3% rent increase in Year 11 (2025) on the initial lease term.
• There are 10% rent increases in each of the five, 5-year option periods.

BLUE RIDGE MOUNTAINS
• Morganton (Blue Ridge), GA is situated about 80 miles North of Atlanta, GA and about 80 miles West of Chattanooga, TN.
• Blue Ridge reservoir is 11 miles long and has 65 miles of shoreline, 25% of which is developed.
• Lake Blue Ridge is one of the Southeast’s most popular and recognizable tourist and vacation destinations and is a favorite second home community for affluent Atlantans.
• Lodging contributes over $33 Million to the economy and visitors spend over $170.5 Million annually.

LAKE BLUE RIDGE LOCATION
• The subject property is well located at a pin corner less than one half mile from Lake Blue Ridge, which is lined with mansions, recreational boat ramps, and marinas.
• The property is located 1.5 miles from Hwy 76 (22,600 VPD), a major highway that connects Chattanooga, TN to Wilmington, NC.
• The 5-mile population has excellent growth of over 10% and the Average Household Income is nearly $60,000 which is superior to most Dollar General locations.
• This store is only 5 miles from Blue Ridge’s primary retail corridor with national tenants including The Home Depot, Food Lion, Tractor Supply, TJ Maxx, Ingles and more.
• The University of North Georgia’s Blue Ridge campus is only 3 miles away. The University of North Georgia has 6 campuses with a total of 20,000 students.

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 17,000 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.