NEW UPGRADED BUILD-TO-SUIT DOLLAR GENERAL • Brand new Build-to-Suit Dollar General located in Reidsville (Greensboro MSA), NC. • This store is 9,100 SF with 3-sided upgraded construction and is opening in August 2021.
GREENSBORO MSA • This Dollar General is located 20 miles North of downtown Greensboro and is part of the Greensboro MSA. • Greensboro is the third largest city in North Carolina (291,303 population) and is the county seat and largest city in Guilford County and the surrounding Piedmont Triad MSA. • The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S. and includes Greensboro, Winston-Salem and Highpoint, NC. • Notable companies headquartered in Greensboro include: Honda Aircraft Company, Lorillard Tobacco Company, Mack Trucks, Volvo Trucks of North America, The Fresh Market, Cook Out, Columbia Forest Products and many more.
HIGH TRAFFIC LOCATION • This Dollar General sits on US Bus 29 (7,200 VPD) and adjacent to US Hwy 29 (25,000 VPD) with excellent visibility and easy access. • The 5 Mile population is 20,465 and the average household income is $64,172 which is superior to most Dollar General locations. • National retailers in Reidsville include Food Lion, Walgreens, McDonalds, Lowe’s Foods, O’Reilly, CVS, Taco Bell and many more. • Reidsville is a satellite town to Greensboro and more broadly to the Triad (Greensboro, Winston-Salem, High Point).
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.