Dollar General

Dollar General

TBD Gray Hwy
Gray, GA

Price: $1,619,000
Cap: 6.65%
NOI: $107,616
Building Size: 9,100
Lot Size: 2.00

Investment Highlights

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.

Don McMinn
OFFERING MEMORANDUM

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