2023 UPGRADED CONSTRUCTION DOLLAR GENERAL • New 10,640 SF upgraded construction Dollar General located in Reidsville, NC. • The store is scheduled for delivery in April 2023.
GREENSBORO-HIGH POINT-WINSTON SALEM MSA • This Dollar General is located 20 minutes north of downtown Greensboro and the Piedmont Triad on Hwy 29 (25,000 VPD). • 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. • The Piedmont Triad has an estimated population of 1,611,243 making it the 33rd largest combined statistical area in the United States. • There are more than 20 Colleges and Universities within the Triad including Wake Forest University, Elon University, and High Point University. These schools have a combined student count of 20,000. • 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 • The subject property is located directly off Hwy 29 (25,000 VPD) on Hwy 87 (7,500 VPD). • National retailers in Reidsville include Lowe’s Home Improvement, Food Lion, Walgreens, McDonalds, Lowe’s Foods, O’Reilly, CVS, Taco Bell and many more.
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, 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 19,000 locations and expanding by 1,050 stores each year. • Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion