BRAND NEW UPGRADED CONSTRUCTION STORE • Brand new 9,100 SF build-to-suit Dollar General with upgraded construction in Fortson, GA. • This store is scheduled for delivery in August 2019.
COLUMBUS MSA • Fortson is 13 miles away from Columbus, GA and is part of the Columbus MSA. • Columbus is the 3rd largest city in Georgia with a population of 194,058. • Home to Fort Benning, which is the 5th largest U.S. military base with over 120,000 active military personnel and families. • Also home to Columbus State University with 8,076 enrolled students.
AFFLUENT DEMOGRAPHICS • 5-mile Average Household Income is $108,095, which is superior to the usual Dollar General location.
LONG TERM CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed lease with Dollar General. • Tenant 100% responsible for all expenses, which include taxes, CAM, insurance, roof and structure. • 10% rent increase 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. • Currently over 15,000 locations in 45 states and 975 new locations expected to be opened this year. • Dollar General has been in business for 79 years and has a current net worth of over $6B.