Dollar General

Dollar General

31 Highway 94
Fargo, GA

Price: $1,203,000
Cap: 6.65%
NOI: $79,980
Building Size: 9,100
Lot Size: 2.67 AC

Investment Highlights

NEW CONSTRUCTION STORE
• Brand New 9,100 SF Build to Suit Dollar General in Fargo, GA
• This store is currently under construction and scheduled
for delivery in July 2020

ATTRACTIVE LOW PRICE POINT
• This location has a low rent and price point compared to other Dollar Generals on the market which make it appealing to a larger investor pool

CLOSE PROXIMITY TO JACKSONVILLE, FL
• Fargo is well located approximately 1 hour NW of Jacksonville
• Jacksonville is the most populous city in Florida, the southeastern United States, and the largest city by area in the contiguous United States
• The Jacksonville metropolitan area has a population of 1,523,615 and is the fourth largest metropolitan area in Florida

ACCESS TO MAJOR HIGHWAYS
• The subject property is well positioned at the intersection of GA State Route 94 and U.S. Route 441
• U.S. Route 441 is a 354-mile long north–south highway that travels from Florida to North Carolina
• GA State Route 94 offers easy access to major interstates including I-75, I-10, and I-95

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 four, 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 15,839 locations in 45 states and 975 new locations expected to be opened this year
• Dollar General has been in business for over 80 years and has a current net worth of over $6B

Don McMinn
OFFERING MEMORANDUM

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