Dollar General

Dollar General

5180 Hwy 23 S
Waynesboro, GA

Price: $1,531,000
Cap: 6.65%
NOI: $101,796
Building Size: 9,100 SF
Lot Size: 2.09 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION STORE
• Brand New 9,100 SF Build to Suit Dollar General in Waynesboro, GA.
• This store has upgraded construction consisting of a corner entry and two sided masonry and is scheduled for delivery June 2020.

CLOSE PROXIMITY TO AUGUSTA, GA
• Waynesboro is well located less than 30 miles South of Augusta, GA.
• Augusta is the second largest city in GA with a population 197,166 and has the second largest metro-area in the state with 600,151 people.
• Augusta is home to Augusta National Golf Club and The Masters, which brings over 200,000 visitors annually from across the world and is a consistent economic boost to Augusta and the surrounding areas.
• Augusta is also home to Fort Gordon, a major U.S. Army base and the National cyber security headquarters which houses nearly 10,000 cyber security specialists.

ADJACENT TO 900 EMPLOYEE ELECTRIC PLANT
• Subject property is well located less than 9 miles from the Plant Vogtle Electric Generating Plant which is a 2 unit nuclear power plant in Waynesboro, GA that employees 900 people.
• Georgia Power’s Plant Vogtle units 3 and 4 is currently under construction and on target to be completed in 2021. Upon completion Vogtle will become the largest nuclear power station in the U.S.
• This will be the first new nuclear units built in the U.S. in the last three decades and will provide affordable electricity to power to 1 million GA homes and businesses.

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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