Dollar General | Rent Increases in Initial Lease

Dollar General | Rent Increases in Initial Lease

TBD Smyrna Church Rd
Chatsworth (Dalton), GA

Price: $1,975,000
Cap: 6.50%
NOI: $128,364
Building Size: 10,640 SF
Lot Size: 1.47 AC

Investment Highlights

NEW 15 YR NNN “NEXT GEN” DG LEASE WITH 5% BUMPS
IN INITIAL LEASE & OPTIONS
• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.
• This store is scheduled to deliver in April 2024
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.
 
CHATSWORTH, GA
• Chatsworth is the county seat of Murray County and part of the Dalton MSA.
• Chatsworth is near Interstate 75 (74,300 VPD) in the Blue Ridge Mountains in Northwest Georgia. It is 40 miles Southeast of Chattanooga and 80 miles North of Atlanta.
• National Retailers in Chatsworth include Walgreens, Tractor Supply, AutoZone, Ingles, Food City, and more.
• Home to the Appalachian Regional Port, the second land port in the state of Georgia that has the capacity to take 50,000 containers off the highway by using a rail line that connects Chatsworth to the Port of Savannah.
 
DALTON IS THE CARPET CAPITAL OF THE WORLD
• The subject property is located 13 miles from downtown Dalton off Hwy 411 (12,200 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.
 
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 19,725 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.
Don McMinn
OFFERING MEMORANDUM

Email not recognized.
In lieu of a confidentiality agreement, we request that you complete the following form in order to download an Offering Memorandum or try again.







Principal or Broker?