Dollar General

Dollar General

2610 US Highway 80
Garden City (Savannah MSA), GA

Price: $1,944,000
Cap: 6.15%
NOI: $119,496
Building Size: 9,100 SF
Lot Size: 2.00 AC

Investment Highlights

• Brand New 9,100 SF Build to Suit Dollar General in Garden City, GA
• This store features upgraded two- sided masonry and is scheduled for delivery in late March 2020

• Garden City, GA is located 5.2 miles from downtown Savannah, GA.
• Savannah is Georgia’s fifth-largest city with an estimated population of 146,444 and the third largest MSA of 387,543.
• Savannah is the oldest city in the Georgia and is the county seat of Chatham County.
• Its port, located near the Intracoastal Waterway, is the second largest U.S. seaport on the east coast and the fourth busiest and fastest growing container terminal in the U.S. Today, the port continues to be a major driver of economic growth, along with the manufacturing, military, and tourism industries with over 12.1 million tourists annually.
• USA Weekend Magazine declared Savannah one of the “World’s Top Ten Trendy Travel Hot Spots.” Condo Nast Traveler picked it as a “Top 10 U.S. City to Visit.” Southern Living placed this destination as second on its “Best Southern City” list and Outlook Magazine called Savannah one of the “Top Places to Live and Work.”

• The subject property is well located off of Hwy 80 (18,400 VPD) with excellent street frontage, access, and visibility. It is located less than
one mile from the Alabama Junction of Interstate 516 (37,800 VPD) and Interstate 16 (67,300 VPD)
• Located in attractive residential area and surrounded by many industrial properties and a combination of local and national retailers
including: Walgreens, Starbucks, UPS Customer Center Citgo, Wells Fargo, AutoZone CitiTrends, Arby’s, and many more.
• Close proximity to the Savannah/Hilton Head International Airport is the chief commercial airport for Savannah, the Coastal Empire region of southeast Georgia and the Lowcountry of South Carolina, where the resort town of Hilton Head accounts for some 40 percent of total airport passenger traffic. In 2018, Savannah/Hilton Head International handled a record 2,799,526 commercial airline passengers, an 13.4% increase over 2017.
• The 5-mile average household income is $75,595 which is superior to most Dollar General locations.

• 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.

• Dollar General is a publicly traded (NYSE: DG) Fortune 500 Company and is BBB investment grade rated.
• There are 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 $6B.

Don McMinn

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