Dollar General

Dollar General

TBD Charlie Smith Sr Hwy
St. Marys, GA

Price: $1,998,000
Cap: 5.70%
NOI: $113,856
Building Size: 9,100 SF
Lot Size: 2.03 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL
• Brand New 2-sided upgraded Dollar General located in St. Marys (Jacksonville MSA), GA.
• This store is currently under construction and scheduled for delivery in May 2021.

JACKSONVILLE MSA
• St. Marys is well positioned in Coastal Georgia just 35 miles North of Jacksonville and is part of the Jacksonville MSA.
• Jacksonville is the most populous city in the Southeast and the 12th most populous city in the U.S. with a population of over 926,000.
• The Port of Jacksonville handles over 21 million tons of cargo per year, contributes over $19 Billion to the economy annually and supports over 65,000 jobs.
• Jacksonville is home to multiple Fortune 500 companies including CSX Corporation, Fidelity National Information Services and Southeastern Grocers.
• Jacksonville, FL sees over 95 Million tourists per year that contribute over $1 Billion to the economy annually and supports over 43,000 jobs.
• Home to the Jacksonville Jaguars and TIAA Bank Field that has a capacity of 67,814 seats.

KINGS BAY NAVAL BASE
• This Dollar General is located 3 Miles from Kings Bay Naval Base which is a 16,000 acre submarine base that supports over 9,000 military personnel.
• Kings Bay Naval Base contributes over $1.1 Billion to the local economy.

ST. MARYS
• St. Marys is well positioned off I-95 (67,000 VPD) between Savannah, GA and Jacksonville, FL.
• St. Marys is the gateway to the Cumberland Island which is the largest of Georgia Coast’s barrier islands and sees nearly 80,000 visitors per year.
• The 5 Mile population is 29,149 with an average household income of $72,732 which is superior to most Dollar General locations.
• This Dollar General is located on Charlie Smith Sr Hwy (10,700 VPD) and 1 Mile from Hwy 40 (18,600 VPD).
• Positioned less than 1 mile away from St. Marys Middle School that has over 1,000 Students.

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.

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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