NEW UPGRADED CONSTRUCTION STORE • Brand New 9,026 SF Build to Suit Dollar General in Rising Fawn (Dade County), GA • This store has upgraded construction and is scheduled for delivery in April 2020.
CHATTANOOGA MSA • New Salem is located off I-59 (15,500 VPD) 30 minutes South of Chattanooga and is part of the MSA (547,776+) • Chattanooga is the fourth largest city in Tennessee with a population of over 170,000 people. • Chattanooga is one of the South’s top travel destinations, with the New York Times naming Chattanooga one of the “Top 45 Places To Go”. • Chattanooga’s affordable cost of living with one of the area’s lowest tax rates as well as the Volkswagen plant has boosted the area’s labor force.
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.
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 five, 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 and 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 billion.