Dollar General

Dollar General

TBD Hwy 150
Linwood, NC

Price: $1,664,000
Cap: 6.25%
NOI: $103,992
Building Size: 9,100 SF
Lot Size: 4.1 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION STORE
• Brand New 9,100 SF build-to-suit Dollar General in Linwood, NC.
• This store has upgraded construction and is scheduled for delivery February 2020.

LOCATED OFF I-85
• This Dollar General is well located off Interstate 85 (79,000 VPD) at the intersection of Hwy 150 (4,500 VPD) and Old Salisbury Road (1,200 VPD).
• As the second-longest interstate in the state, it links the three largest metropolitan areas in North Carolina: Metrolina, The Piedmont Triad, and the Research Triangle.
• Nine of the twenty largest municipalities in the state lie along I-85, and it connects those cities to Richmond, VA to the north, and Upstate SC and Atlanta, GA to the south.
• Three major transportation systems serve the area: Interstate 85, the Davidson County Airport, and Norfolk Southern Railway’s Spencer classification yard.

BETWEEN LEXINGTON & SALISBURY
• Linwood is well positioned approximately 9 miles south of Lexington in Davidson County and 9 miles north of Salisbury.
• Lexington is the county seat of Davidson County and is centrally located in the heart of the Piedmont Triad area, 30 minutes from Winston-Salem, Greensboro and High Point.
• Lexington is developing into a residential bedroom community for these nearby cities and, to a lesser extent, Charlotte and its northeastern suburbs.
• Salisbury is in the Piedmont region of North Carolina, is located 44 miles northeast of Charlotte and is part of its MSA.
• Salisbury is the oldest continually populated colonial town in the western region of North Carolina and is the county seat of Rowan County since 1753.
• Salisbury is the home to North Carolina soft drink, Cheerwine, regional supermarket, Food Lion, and Rack Room Shoes.

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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