UPGRADED CONSTRUCTION DOLLAR GENERAL • New 10,640 SF upgraded construction Dollar General located in Shookville, GA • This store is a wood prototype with rock wainscot and cementitious lap siding. • The store is scheduled for delivery in January 2023.
INTERSTATE 75 LOCATION (84,000 VPD) • This Dollar General is located off I-75 (84,000 VPD), 4 miles outside of Ringgold in Shookville, GA. • National Retail in Ringgold includes Publix, Costco, Hobby Lobby, Food Lion, Ace Hardware and more. • Ringgold is home to multiple manufacturing plants including Shaw Industries, Propex, Carolina Container and more. • The 5 mile average household income is $82,948 which is superior to most Dollar General Locations.
CHATTANOOGA MSA • Shookville is located off I-75, 20 miles south of Chattanooga 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 “Top 45 Places to Go.” • 3 million tourists visit Chattanooga annually and contribute $1.16 Billion to the economy. • Major industries that drive the economy include automotive, advanced manufacturing, food and beverage production, healthcare, insurance, tourism, and back office and corporate headquarters. • 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.
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, parking lot, roof and structure. • There are 10% rent increases in each of the Five, 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 18,600 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion