Dollar General

Dollar General

3633 Thomasville Road
Climax, GA

Price: $1,330,000
Cap: 6.65%
NOI: $88,440
Building Size: 9,100 SF
Lot Size: 2.43 AC

Investment Highlights

NEW CONSTRUCTION STORE
• Brand New 9,100 SF build-to-suit Dollar General in Climax, GA.
• This store is currently under construction and scheduled for delivery in December 2019.

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 15,836 locations in 45 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.

NEAR TALLAHASSEE, FL
• Subject property is located approximately 35 miles north of Tallahassee, Florida.
• Tallahassee is the Capital and the 7th largest city in Florida.
• Home to Florida State University and Florida A&M University (58,110+ combined enrollment).

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.

Don McMinn
OFFERING MEMORANDUM

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