NEW UPGRADED BRICK CONSTRUCTION • Brand New 9,100 SF build-to-suit Dollar General in Concord, NC. • This store has upgraded construction featuring a full masonry façade and is scheduled for delivery December 2019.
NEAR CONCORD MILLS & CHARLOTTE MOTOR SPEEDWAY • Well positioned between Hwy 29 (24,000 VPD) and Hwy 49 (26,500 VPD). • Located a few miles away from NASCAR’s Charlotte Motor Speedway (holds 171,000 people and generated $56.4M annually) and Concord Mills (1.4 million SF shopping mall and North Carolina’s largest tourist attraction with 17.6 million visitors annually). • The 5-mile population of this location is 102,761 with an average household income of $91,725.
CHARLOTTE MSA • Concord is the county seat of Cabarrus County and the second largest city in the Charlotte MSA, and the eleventh largest city in North Carolina. • Concord has a diverse economy and was ranked as the city with the 16th fastest growing economy in the U.S. • 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.
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.