Dollar General

Dollar General

TBD N Aspen Street
Lincolnton (Charlotte MSA), NC

Price: $1,731,000
Cap: 6.25%
NOI: $108,144
Building Size: 9,100 SF
Lot Size: 1.50 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION STORE
• Brand New 9,100 SF build-to-suit Dollar General in Lincolnton (Charlotte MSA), NC.
• This store has upgraded construction and is 3 sided masonry façade. It is scheduled for delivery November 2019.

CHARLOTTE MSA
• Lincolnton is the county seat of Lincoln County, located 29 miles NW of Charlotte and is part of the Charlotte MSA.
• Charlotte is the largest city in North Carolina and the second largest in the southeast.
• Charlotte consistently ranks as one of the top growing cities and is the home to more than 10 Fortune 1,000 companies, including Bank of America, Lowe’s and Wachovia Corp.
• The city is also home to the Carolina Panthers, the Charlotte Hornets, the NASCAR Hall of Fame and the U.S. National Whitewater Center.

ATTRACTIVE RETAIL LOCATION
• Well located on BUS-321 (13,500 VPD) and approximately 2 miles west of US 321 (36,500 VPD).
• Surrounding retailers include Aldi, Goodwill, Bi-Lo, Tractor Supply, Ross, Lowe’s and more.
• The 5-mile population of this location is 33,023.

LONG TERM CORPORATE ABSOLUTE 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.
• 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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