Dollar General

Dollar General

1401 US-29 BUS
Reidsville (Greensboro MSA), NC

Price: $2,053,000
Cap: 5.25%
NOI: $107,772
Building Size: 9,100 SF
Lot Size: 1.66 AC

Investment Highlights

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.

Don McMinn
OFFERING MEMORANDUM

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