Dollar General

Dollar General

3101 Kernersville Road
Winston-Salem, NC

Price: $1,785,000
Cap: 6.00%
NOI: $107,064
Building Size: 9,100 SF
Lot Size: 2.30 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION STORE
• Brand New 9,100 SF build-to-suit Dollar General in Winston-Salem, NC.
• This store has upgraded construction featuring a full masonry façade and is scheduled for delivery November 2019.

WINSTON-SALEM
• Winston-Salem is the fifth largest city in the state of North Carolina.
• Winston-Salem is home to the corporate headquarters of BB&T, HanesBrands, Inc., Krispy Kreme Doughnuts, Inc., Lowes Foods Stores, and many more.
• Winston-Salem is also home to 6 colleges and universities including Wake Forest University.
• Medical research is a fast-growing local industry, and Wake Forest Baptist Medical Center is the largest employer in Winston-Salem.

HOME TO WAKE FOREST UNIVERSITY
• Winston-Salem is home to Wake Forest University which currently enrolls 7,669 students and ranks in the top 30 for National Universities across the country.

ATTRACTIVE RETAIL LOCATION
• Well located on Kernersville Road (9,300 VPD) and east of I-40 and I-74 (100,500 VPD combined).
• Surrounding retailers include Rent-a-Center, Food Lion, Aldi, Advance Auto Parts, Office Depot, Walmart, Barnes & Noble and more.
• The 5-mile population of this location is 107,416.

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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