Dollar General

Dollar General

TBD Scenic Highway
New Salem, GA

Price: $1,422,000
Cap: 6.65%
NOI: $94,500
Building Size: 9,100 SF
Lot Size: 1.66 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION STORE
• Brand New 9,100 SF Build to Suit Dollar General in New Salem (Dade County), GA
• This store has upgraded construction and is scheduled for delivery in April 2020.

CHATTANOOGA MSA
• New Salem is well located on SR 136 (2,710 VPD) which is approximately 7 miles east of 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.

Don McMinn
OFFERING MEMORANDUM

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