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.