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.