Dollar General | Coastal GA

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TBD US Hwy 17
Kingsland (Jacksonville MSA), GA

Price: $2,382,000

Cap: 6.40%

NOI: $152,448

Building Size: 10,640

Lot Size: 2.2 AC

Investment Highlights

15 YR NNN “NEXT GEN” DG LEASE WITH 5% BUMPS IN INITIAL LEASE & OPTIONS

• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.

• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.

• There are 5% rent increases in each of the five, 5-year option periods.

• The subject property is scheduled to deliver in September 2024.

COASTAL GEORGIA | JACKSONVILLE-PALATKA-ST. MARYS, FL-GA MSA

• Kingsland, Georgia is located in the far southeast corner of the Georgia coast off of Interstate 95, just three miles from the Florida-Georgia line.

• Its close proximity to Jacksonville, Florida, just 30 miles north, makes Kingsland an ideal place to visit, live or work with its small town appeal within minutes of the advantages of the large metropolitan city.

• Attractions in Kingsland include Cumberland Island national seashore with white sand beaches and the 430,000 acre Okefenokee National Wildlife Refuge which is home to hundreds of species of birds and wildlife.

• Coastal Georgia’s economy is stimulated by manufacturing, agriculture, ports, the government and military, tourism, and film.

NEAR PRIMARY RETAIL CORRIDOR IN KINGSLAND

• The subject property is located 2 miles from the primary retail corridor in Kingsland, GA that has over 1M square feet of retail.

• National retailers include Publix, Lowe’s Home Improvement, a Walmart Supercenter, Chick-Fil- and more.

• There are also over 10 hotels positioned on this corridor.

• Located 10 miles from Naval Submarine Kings Bay Base with over 15,000 Navy Personnel, Family Members, and Civilians.

INTERSTATE LOCATION (64,800 VPD)

• Interstate 95 (64,800 VPD) is located 2 miles from this Dollar General.

• Interstate 95 is the main north–south Interstate Highway on the East Coast of the United States.

INVESTMENT GRADE TENANT (S&P: BBB)

• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.

• Currently over 20,000 locations and plans to open 800 stores in 2024.

• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Don McMinn

678-808-2762 | EMAIL >

OFFERING MEMORANDUM

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