Dollar General

Investment Highlights

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