Dollar General

Dollar General

10400 James B. White Hwy. S.
Whiteville, NC

Price: $1,481,000
Cap: 6.50%
NOI: $96,237
Building Size: 9,100 SF
Lot Size: 3.48 AC

Investment Highlights

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.

Don McMinn
OFFERING MEMORANDUM

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