BRAND NEW CONSTRUCTION STORE • Brand new 9,100 SF Build-to-Suit Dollar General in Whiteville, NC. • This store is scheduled for delivery February 2019.
WELL-POSITIONED NEAR COASTAL CAROLINAS • Whiteville is less than 50 miles away from the Atlantic Ocean and NC & SC Coastline. • Whiteville sits at the intersection of three major thoroughfares U.S. 74, U.S. 76, and U.S. Route 701 (49,000 Total VPD). • These highways are the primary tourist routes to reach Wilmington, NC, Myrtle Beach, SC and surrounding Coastal Carolina markets. • Myrtle Beach alone attracted more than 18 million annual visitors in 2016.
CITY OF WHITEVILLE • Whiteville serves as the county seat for Columbus County (3rd Largest County in NC). • National Retailers located in Whiteville include Walmart, Lowes, Tractor Supply, Big Lots, Food Lion, & More. • In 2017 tourism generated $56.2M within Columbus County.
LONG TERM CORPORATE NNN LEASE • The subject property has a 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. • There are 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 currently holds an investment grade credit rating of BBB with S&P. • There are currently over 15,000 locations in 45 states and 900 new locations are expected to be opened this year. • Dollar General has been in business for 79 years and has a net worth of over $6.1B.