Dollar General Market | Near Jacksonville, FL

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1071 Pearson Hwy
Homerville, GA

Price: $1,801,000

Cap: 6.50%

NOI: $117,024

Building Size: 12,687 SF

Lot Size: 2.78 AC

Investment Highlights

2023 UPGRADED 12,687 SF DOLLAR GENERAL MARKET

• The subject property is a 12,687 SF upgraded construction Dollar General Market.

• DG Market is an enlarged footprint combo store with fresh produce, milk, meats and other groceries added to Dollar General’s usual mix of low-price general merchandise.

• This store is open and rent commenced in April 2023.

NEAR VALDOSTA, GA

• The subject property is located about 30 miles northeast of Valdosta on Hwy 84.

• Valdosta is the 16th largest city in Georgia and is one of Georgia’s largest cities and is the center of the growing four-county Valdosta MSA along the I-75 Corridor.

• Valdosta is a vibrant national retail, industrial, medical, and educational center with a projected job growth to be 35.71% over the next ten years.

• Home to Valdosta State University which is one of the four comprehensive universities in the University System of GA and serves over 13,000 undergraduate and graduate students.

• Moody Airforce base is located in Valdosta with a population of over 11,000 service members and family.

• Valdosta is called the “Naval Stores Capital of the World” and supplies 80% of the worlds demand for naval stores, pine, and turpentine.

• The Valdosta Regional Airport supports over 73,500 aircraft operations per year.

HOMERVILLE

• Homerville is located in Southeast GA about an hour and a half outside of the Golden Isles & Jacksonville, FL.

• Clinch Memorial Hospital is located in Homerville and has nearly 80 employees.

• Other major employers in Homerville include Mauser Packaging solutions, Lee Container Corp., Mulch Manufacturing Inc and more.

• This Dollar General is located right outside of the Clinch County Airport.

• The Clinch County School District holds pre-school to grade twelve and consists of an elementary/middle school and a high school. The district has 96 full-time teachers and over 1,499 students.

14 YEAR CORPORATE NNN LEASE

• There are 14 years remaining on the 15 year corporate guaranteed NNN lease with Dollar General.

• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.

• There are 10% rent increases in each of the Five, 5-year option periods.

INVESTMENT GRADE TENANT (S&P: BBB)

• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.

• Currently over 20,000 locations and plans to open 800 stores in 2024.

• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion

Don McMinn

678-808-2762 | EMAIL >

OFFERING MEMORANDUM

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