NEW UPGRADED CONSTRUCTION STORE • Brand new 9,100 SF build-to-suit Dollar General in Kannapolis, NC. • This store has upgraded façade and is scheduled for delivery February 2019.
CHARLOTTE MSA • Largest city in NC and Second largest city in the Southeast (pop. 2,474,314). • Six Fortune 500 companies are headquartered in Charlotte. • Home to the Carolina Panthers, Charlotte Hornets, NASCAR Hall of Fame, Charlotte Motor Speedway, and the U.S. National Whitewater Center. • Charlotte Douglas International Airport is one of the busiest airports in the country.
SUPERIOR DEMOGRAPHICS • The 5-Mile Population is 63,518 and Average Household Income is $55,968.
WELL LOCATED NEAR I-85 • Subject property is located less than 1 mile from I-85 (75,000 VPD). • It is situated at the four-way intersection of Lane St. and China Grove Rd. (combined 12,100 VPD).
LONG TERM CORPORATE ABSOLUTE 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. • There are currently over 15,000 locations in 45 states and 900 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.