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.