Dollar General

Dollar General

1771 Motor Road
Winston-Salem, NC

Price: $1,992,000
Cap: 5.85%
NOI: $116,520
Building Size: 9,100 SF
Lot Size: 1.49 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 February 2020.

SUPERIOR DEMOGRAPHICS
• The 5-mile population of this location is 99,358 with 9.33% growth, which is superior to most Dollar General locations.

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.

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 16,000 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.

Don McMinn
OFFERING MEMORANDUM

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