Dollar General

Dollar General

TBD 13th Avenue
Columbus, GA

Price: $1,769,000
Cap: 6.00%
NOI: $106,116
Building Size: 9,100 SF
Lot Size: 1.40 Acres

Investment Highlights

NEW UPGRADED WOOD PROTOTYPE STORE
• Brand New 9,100 SF Build to Suit Dollar General in Columbus, GA.
• This store will be an upgraded wood prototype, consisting of four-sided upgrades and is scheduled for delivery October 2020.

HIGH POPULATION LOCATION
• The 5-Mile population for this store is 156,660 which is superior to other Dollar General Locations.
• This store is well located on 13th Avenue with 6,260 VPD in the heart of Columbus, GA.
• Well located in dense residential community with close access to the primary medical corridor, industrial hub and Country Club of Columbus.

COLUMBUS
• Columbus is the county seat of Muscogee County and is the second largest city in the State of Georgia with a population of 194,160.
• Home to Fort Benning, the fifth largest U.S. military base with over 120,000 active military personnel and families with an annual economic impact of more than $4.75 billion.
• Additional points of interest include Columbus State University (8,200 Students), The Columbus Airport, and The Peachtree Mall (108 Stores).
• The city’s key industries include aerospace, automotive, biosciences, defense, manufacturing, technology and tourism.

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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