Dollar General Market

Dollar General Market

706 N Alabama St
Broxton, GA

Price: $1,817,000
Cap: 6.00%
NOI: $109,017
Building Size: 12,480 SF
Lot Size: 1.68 AC

Investment Highlights

UPGRADED 12,480 SF DOLLAR GENERAL MARKET
• The subject property is a 12,480 SF upgraded construction Dollar General Market.
• DG Market is a combo store with fresh produce, milk, meats and other groceries added to Dollar General’s usual mix of low-price general merchandise.
• This property was built in 2014 and sits on 1.68 AC.

RARE 3% RENT INCREASE IN INITIAL LEASE
• There are 7 Years remaining on an original 15 year corporate guaranteed NNN lease with Dollar General.
• There is a rare 3% rent increase in year 11 of the initial lease and 10% increases in each of the five, 5-year option periods.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure.

NEAR DOUGLAS, GA
• The subject property is 9 miles north of Douglas, GA on Highway 441.
• Douglas is located in the heart of South Georgia and is centrally located (with direct four-lane highway connectivity) between I-75, I-16, I-95 and I-10.
• Nearby cities include Savannah, Valdosta, and Albany, as well as Jacksonville, FL.
• Wal-Mart is the major employer in Douglas, including the distribution center which was built using $10 Million in government funding in 1987 and employs over 1,600 people.
• National Retailers in Douglas include Lowe’s Home Improvement, Tractor Supply, Chick-fil-A and more.
• South Georgia College (3,000 Students) is located on 190 acres in Douglas and contributes more than $46 million annually to the economies of Coffee and surrounding counties.
• Major industries in Douglas include poultry processing, manufactured housing, jet engine parts, and small engines.

INVESTMENT GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 18,200 locations and expanding by 1,000 stores each year.
• Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion.

Don McMinn
OFFERING MEMORANDUM

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