Dollar General

Dollar General

TBD US Hwy 27
Armuchee (Rome MSA), GA

Price: $1,918,000
Cap: 5.25%
NOI: $100,692
Building Size: 10,640 SF
Lot Size: 2.86 AC

Investment Highlights

NEW UPGRADED DOLLAR GENERAL PLUS STORE
• Brand new 10,640 SF build to suit Dollar General Plus located in Armuchee (Rome MSA), GA.
• Dollar General Plus locations are 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.

ROME MSA
• This Dollar General is located 10 miles North of Rome on Highway 27 (20,000 VPD).
• Rome is the largest city in Northwest GA with a population of 36,332 and is the county seat of Floyd County.
• National Retailers include: Lowe’s Home Improvement, Publix, Sam’s Club, Kroger, Mount Berry Mall, Walmart, Hobby Lobby and more.
• Rome has long had the strength of economic diversity, with an economy founded in manufacturing, education, healthcare, technology, tourism, and other industries.
• Rome is also well known in the region for its medical facilities, particularly Floyd Medical Center (304 Beds), Redmond Regional Medical Center (230 Beds), Harbin Clinic (120 Beds) and more.
• Home to multiple colleges and universities including Georgia Northwestern Technical College (5,837 Students), Shorter University (3,702 Students), Berry College (1,943 Students) and more.

HIGH TRAFFIC LOCATION
• The subject property is well located on Highway 27 that sees 20,000 VPD.
• Located approximately 20 min West of I-75 (56,000 VPD) that connects Atlanta and Chattanooga.
• Less than 3 miles from Richard B. Russel Airport that supports over 36,000 aircraft operations per year.
• Surrounded by multiple schools including Armuchee Elementary School (392 Students), Armuchee Middle School (422 Students) and Armuchee High School (523 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 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 17,266+ 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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