Dollar General

Dollar General

2500 Lane Street
Kannapolis (Charlotte MSA), NC

Price: $1,622,000
Cap: 6.35%
NOI: $102,972
Building Size: 9,100 SF
Lot Size: 1.49 AC

Investment Highlights

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.

Don McMinn
OFFERING MEMORANDUM

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