BRAND NEW CONSTRUCTION STORE • Brand new 9,100 SF build-to-suit Dollar General in Haddock, GA. • This store is currently under construction and scheduled for delivery in August 2019.
MACON MSA • Haddock is positioned 20 miles northeast of Macon, GA. • Macon is the 8th largest city in Georgia with a population of 228,914 and is the county seat of Bibb County. • Three interstate highways run through Macon: I-16 (connecting Macon to Savannah), I-75 (major North- South interstate), and I-475. • Macon is home to several institutions of higher learning: Mercer University, Wesleyan College, Middle Georgia State University, and Central Georgia Technical College (combined 22,500+ students).
THRIVING STATE ECONOMY • According to CNBC and based on more than 60 measures of competitiveness, Georgia has one of the top economic climates in the United States (#7 overall). • Georgia ranked top 5 nationwide in the workforce, infrastructure and economy categories. • Seventeen Fortune 500 companies are headquartered in Georgia, which include: Home Depot, UPS, Coca-Cola, Delta, SunTrust Banks and Aflac.
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.