Dollar General

Dollar General

TBD GA-255
Temple Grove, GA

Price: $1,986,000
Cap: 4.80%
NOI: $95,316
Building Size: 10,640 SF
Lot Size: 1.67 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL
• Brand new 10,640 SF Dollar General located in Temple Grove (Chattanooga MSA), GA
• This store has upgraded wood construction and is scheduled for delivery in August 2022.

NEAR DALTON, GA | CARPET CAPITAL OF THE WORLD
• Subject property is located 19 miles north of Dalton, GA at the intersection of Hwy 225 and Hwy 2.
• Dalton is the county seat of Whitfield County located just off Interstate 75 in the foothills of the Blue Ridge Mountains and is the second largest city in NW GA
• Dalton is known as “The Carpet Capital of the World” and is home to 90% of the world’s carpet production.
• Dalton houses over 150 carpet plants employing approximately 30,000 people and future job growth is predicted to be 36.74% over the next 10 years.
• Dalton is home to Dalton State College (5,987+ Students). Dalton and Whitefield County School districts include 34 schools with over 17,929 students.

CHATTANOOGA MSA
• Temple Grove is 40 miles Southeast of Chattanooga and is part of the Chattanooga MSA.
• 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.

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 18,000 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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