Dollar General

Dollar General

10068 Philpott Rd
Turbeville, VA

Price: $1,531,000
Cap: 6.40%
NOI: $97,936
Building Size: 9,100 SF
Lot Size: 2.10 AC

Investment Highlights

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.

Don McMinn
OFFERING MEMORANDUM

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