NEW UPGRADED DOLLAR GENERAL • Brand new 10,566 SF build to suit Dollar General located in Lookout Mountain (Chattanooga MSA), GA • This Dollar General is larger than traditional Dollar General stores and have more coolers/freezers to keep more perishable items in stock. • This store has upgraded construction and is scheduled for delivery in January 2022.
CHATTANOOGA MSA • Lookout Mountain is located between I-24 (67,200 VPD) and I-75 (98,200 VPD), only 6 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.
ATTRACTIVE NORTH GEORGIA LOCATION • The North Georgia Mountains are home to the Appalachian Trail which sees over 3 Million hikers per year. • Home to the University of North Georgia that contributes more than $667 Million to the North Georgia economy. • North GA is home to over 150 carpet plants employing approximately 30,000 people and produces 90% of the world’s carpet. • Georgia is ranked top 5 nationwide in the workforce, infrastructure, and economy categories. • Seventeen Fortune 500 companies are headquartered in Georgia, including Home Depot, UPS, Coca-Cola, Delta, SunTrust Banks, and Aflac.
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 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 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.