NEW CONSTRUCTION STORE • Brand New 9,026 SF Build to Suit Dollar General in Cornelia, GA • This store is currently under construction and scheduled for delivery in April 2020.
CORNELIA, GA • The subject property is well located on Duncan Bridge Road (5,930 VPD) which is approximately 87 miles north of Atlanta, GA. • Cornelia is home to the Habersham County Airport and numerous national retailers including: Lowe’s, Tractor Supply, Walmart, Big Lots, Goodwill, Ingles, Walgreens, Belk, and more. • It is home to one of the world’s largest apple sculptures, which is displayed on top of an obelisk-shaped monument.
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. • 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.