Dollar General

Dollar General

TBD GA-257
Cordele, GA

Price: $1,725,000
Cap: 5.40%
NOI: $93,144
Building Size: 10,640 SF
Lot Size: 2.3 AC

Investment Highlights

NEW UPGRADED BUILD TO SUIT DOLLAR GENERAL
• Brand New Build to Suit Dollar General located in Cordele, GA.
• This store is 10,640 SF prototype with upgraded construction that is delivering in October 2021.

INTERSTATE LOCATION
• This Dollar General is well located on US Hwy 257 (4,590 VPD) and just West of I-75 (53,000 VPD).
• Nearby national retailers include Home Depot, Tractor Supply, Chick-Fil-A, CVS and more.
• Located 6 miles from Waycross-Ware County Airport that supports 18,000 aircraft operations annually.

CORDELE
• Cordele is the county seat of Crisp County, and is known as the “Watermelon Capital of the World”.
• Within minutes from the property is Downtown Cordele, Georgia Veterans State Park, Drexel Chemical, the Crisp County Cordele Airport, and more.
• Crisp County is home to branches of global companies such as Pepsi-Cola, Drexel Chemical, and Norbord Georgia, all of which employ many in the Cordele area.

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, CAM, roof and structure.
• There are 10% rent increases in each of the four, 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 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.

Don McMinn
OFFERING MEMORANDUM

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