Dollar General

Investment Highlights

12 YEAR NNN BUILD-TO-SUIT DOLLAR GENERAL
• This property is a 9,100 SF Build-to-suit Dollar General located in Chatsworth, GA.
• The store opened in April 2016 and has approximately 12-years remaining on the initial 15-Year Corporate Guaranteed NNN Lease.
• This is an absolute NNN lease and the Tenant is 100% responsible for all expenses including taxes, CAM, insurance, roof and structure.
• There are 10% rent increases in each of the five, 5-year option periods.

CHATSWORTH/DALTON
• 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.
• Chatsworth is 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.
• Home to Fort Mountain State Park, a 3,712 Acre state park known for its ancient 885-foot-long rock wall located at the peak of the mountain that attracts hikers from all over the region.

DALTON IS THE CARPET CAPITAL OF THE WORLD
• This Dollar General is located 10 miles Southeast of downtown Dalton, GA.
• 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
• Chatsworth/Dalton are 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 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.

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.