Dollar General

Dollar General

22174 US Hwy 331 N
Laurel Hill, FL

Price: $1,372,000
Cap: 6.35%
NOI: $87,088
Building Size: 9,100
Lot Size: 1.58 AC

Investment Highlights

BRAND NEW CONSTRUCTION STORE
• Brand New 9,100 SF build-to-suit Dollar General in Laurel Hill, FL.
• This store is scheduled for delivery in March 2019.

FT. WALTON BEACH-CRESTVIEW-DESTIN MSA
• Laurel Hill is located in Okaloosa County and is part of the Ft. Walton Beach-Crestview-Destin MSA, which is also known as the “Emerald Coast.”
• The population within the Ft. Walton-Crestview-Destin MSA is 271,346.
• 4.5 million tourists visit the Emerald Coast each year.
• Okaloosa County receives over $4 billion in business sales and $600million in tax annually from tourism.

FL HAS NO STATE INCOME TAX
• Florida is one of only seven states that has no state income tax.

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 in 2019.
• 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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