Dollar General

Dollar General

106 Branch View Street E.
Leesburg, GA

Price: $1,645,000
Cap: 6.35%
NOI: $104.448
Building Size: 9,100 SF
Lot Size: 2.00 Acres

Investment Highlights

NEW UPGRADED CONSTRUCTION STORE
• Brand New 9,100SF Build to Suit Dollar General in Leesburg, Georgia.
• This store has newly upgraded construction, consisting of four-sided facade improvements and is scheduled for delivery May 2020.

ATTRACTIVE RETAIL LOCATION
• The 5 mile population is 46,722 which is superior to most Dollar General locations.
• This store is located right off Walnut Street (US-19) which has 21,300 VPD.
• Walnut Street is the main retail corridor in Leesburg with numerous national retailers including Publix, CVS, Chick Fil A, Wendy’s and others.

ALBANY, GA MSA
• Leesburg is the county seat of Lee County and is part of the Albany, Georgia Metropolitan Statistical Area.
• Albany is located in southwestern Georgia, 151 miles south of Atlanta and 93 miles southwest of Macon.
• Located on the Flint River, Albany is the seat of Dougherty County and has a population 77,434, making it the eighth-largest city in the state of Georgia.
• Health care, education and the Marine Corps Logistics Base are the largest employers, with manufacturing, transportation, and retail trade also being important foundations of Albany’s economy, as the city acts as a hub for commerce in southwest Georgia.

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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