12 Maple Grove Church Road Chatsworth (Chattanooga MSA), GA
Building Size: 9,100 SF
Lot Size:1.32 AC
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.