11.5+ YEAR NNN BUILD-TO-SUIT DOLLAR GENERAL • This property is a 9,100 SF Build-to-suit Dollar General located in Acworth (Atlanta MSA), GA. • The store opened in June 2017 and has approximately 11.5+ 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.
SUPERIOR DEMOGRAPHICS • The 5-mile population is 56,822 with over 16.5% growth, and the Average Household Income is $91,999 which is superior to most Dollar General locations.
ADJACENT TO I-75 • Acworth is located 30 miles North of Atlanta and is one of the fastest growing cities in the Atlanta MSA. • The property is well located adjacent to I-75 (95,800 VPD) and Hwy 41 (18,800 VPD). • Kennesaw State University is located in Acworth and has a total student enrollment of 34,500. • This store is a half mile off Lake Allatoona, one of the most frequently visited engineered lakes in the nation.
ATLANTA MSA • Atlanta is the county seat of Fulton County and has the ninth-largest metropolitan area in the nation with a population of more than 6 million people. • Atlanta ranks 10th in the nation in gross domestic product of $385 Billion with a diverse economy of dominant sectors that include aerospace, transportation, logistics, business services, medical services, technology and more. • Home to the country’s 3rd largest concentration of Fortune 500 headquarters including The Coca-Cola Company, The Home Depot, Delta Airlines, Chick-fil-A and many more. • The city hosted the 1996 Summer Olympics and is home to professional franchises for four major sports including the Braves, the Hawks, the Falcons, and the Atlanta United FC. • Altanta is the 7th most visited city in the U.S. with over 35 Million visitors per year that contribute over $66 Billion to the economy annually. • The busiest airport in the world, Hartsfield-Jackson Atlanta International Airport, is located in Atlanta and supports over 107 Million passengers per year.
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.