Dollar General

Dollar General

TBD Main Street
Baxley, GA

Price: $1,739,000
Cap: 5.90%
NOI: $102,552
Building Size: 9,100 SF
Lot Size: 1.4 AC

Investment Highlights

NEW CONSTRUCTION BTS DOLLAR GENERAL
• Brand New Build to Suit Dollar General located in Baxley, GA.
• This store is 9,100 SF and is currently under construction and scheduled for delivery in June 2021.

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, CAM, roof, and structure.
• There are 10% rent increases in each of the four, 5-year option periods.

ESSENTIAL RETAILER
• Dollar General has thrived during the pandemic and delivered their 30th consecutive year of same store sales growth in 2020.
• Dollar General continued to pay rent to their landlords during COVID even while hiring 50,000 new employees
• Dollar General opened another 1,000 stores in 2020 and are forecasted to expand another 1,050 locations in 2021

BAXLEY, GA
• Subject property is located on South Main St. (13,800 VPD) and half a mile from Hwy 341 (13,200 VPD).
• Surrounding retailers include Tractor Supply, CVS, Walmart, Goodwill, McDonald’s, Burger King, and more.
• This store sits less than 1 mile from Appling County High School (1,005 Students), Appling County Elementary School (551 Students), and Appling Christian Academy (150 Students).
• Home to Baxley Municipal Airport that supports an average of 34 Aircraft operations per day.
• 2-miles away from Coastal Pines Technical College (4,313 Students)
• Baxley is the county seat of Appling County

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.

Don McMinn
OFFERING MEMORANDUM

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