NEW UPGRADED CONSTRUCTION STORE • Brand New 9,100 SF Build to Suit Dollar General in Turbeville, VA. • This store has upgraded construction consisting of a corner entry and all brick sides on the front and right sides of the building. • It is currently under construction and scheduled for delivery in May 2020.
LOCATED DIRECTLY OFF US HIGHWAY 58 • The subject property is well located right off US HWY 58 (8,600 VPD) which connects Danville, VA and South Boston, VA. • In addition there is a Dollar General Distribution facility with 485 employees approximately 7 miles East of the property providing easy access to inventory and supplies. • The 5-Mile Average Household Income for this location is $56,981 which is superior to most Dollar Generals.
NEAR DANVILLE & SOUTH BOSTON • This Dollar General is well positioned between Danville (22 Miles West) and South Boston (10 Miles East) which are two thriving VA markets. • Both Danville and South Boston have numerous national retailers including: Lowe’s, Hobby Lobby, Walmart, Danville Mall, Target, Home Depot and more. • There are 2 Universities in Danville including: Averett University & Danville Community College.
LONG TERM CORPORATE ABSOLUTE NNN LEASE • Brand new 15-year corporate guaranteed lease with Dollar General. • Tenant is 100% responsible for all expenses, which include taxes, CAM, insurance, roof and structure. • 10% rent increases in each of the five, 5-year option periods.
INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company and has BBB investment grade credit. • Currently over 16,000 locations in 45 states and 1,000 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.