NEW CONSTRUCTION STORE • Brand New 9,100 SF build-to-suit Dollar General in Gray, GA. • This store is currently under construction and scheduled for delivery in October 2019.
MACON MSA • Gray, GA is well positioned on State Hwy 129 (22,600 VPD) 20 miles northeast of Macon, GA and has been dubbed Georgia’s “Aerospace Corridor.” • The region of middle Georgia is home to more than 100 aerospace companies and contractors, Robins Air Force Base, and the thriving city of Macon. • Macon is the 8th largest city in Georgia with a population of 228,914 and is the county seat of Bibb County. • Three interstate highways run through Macon: I-16 (connecting Macon to Savannah); I-75 (major North-South interstate); and I-475. • Macon is home to several institutions of higher learning: Mercer University, Technical College (combined 22,500+ students).
THRIVING STATE ECONOMY • According to CNBC and based on more than 60 measures of competitiveness, Georgia has one of the top economic climates in the United States. (#7 overall). • Georgia is ranked top 5 nationwide in the workforce, infrastructure and economy categories. • Seventeen Fortune 500 companies are headquartered in Georgia, including: Home Depot; UPS; Coca-Cola; Delta; SunTrust Banks; and Aflac.
LONG TERM CORPORATE NNN LEASE • Brand new, 15-year corporate guaranteed lease with Dollar General. • Tenant 100% responsible for all expenses, which include taxes, CAM, insurance, roof and structure. • 10% rent increase in each of the four, 5-year option periods.
INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company and is BBB investment grade rated. • Currently over 15,500 locations in 44 states with 975 new locations expected to be opened this year.