Dollar General Market | Raleigh MSA

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909 N. Pollock St.
Selma, NC

Price: $2,499,000

Cap: 6.45%

NOI: $161,143

Building Size: 12,687 SF

Lot Size: 2.62 AC

Investment Highlights

15 YR NNN “NEXT GEN” DG LEASE WITH 5% BUMPS IN INITIAL LEASE & OPTIONS

• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.

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

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

NEW CONSTRUCTION DG MARKET

• The subject property is a 12,687 SF DG Market which is about 2,000 SF larger than the traditional Dollar General footprint.

• 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 store sits on 2.62 acres and is scheduled to deliver in September 2024.

RALEIGH MSA | CAPITAL OF NC

• This Dollar General Market is located 30 Miles Southeast of downtown Raleigh and is a part of the MSA.

• Raleigh is the capital of North Carolina and is the second most populous city in the state, after Charlotte.

• The city’s population was 467,665 at the 2020. It is one of the fastest-growing cities in the United States.

• Raleigh is part of North Carolina’s Research Triangle, one of the country’s largest and most successful research parks, and a major center in the United States for high-tech and biotech research, as well as advanced textile development.

• Raleigh is home to North Carolina State University and is part of the Research Triangle together with Durham (home of Duke University and North Carolina Central University) and Chapel Hill (home of the University of North Carolina at Chapel Hill).

PRIMARY RETAIL CORRIDOR (17,500 VPD)

• The Subject property is located on Hwy 301 (17,500 VPD), 2 miles from the main retail pocket in Selma. National retailers include Lowe’s Home Improvement, Walmart, Chick-fil-A and more.

• UNC Health Johnston is the main hospital servicing the county. It has 177 beds and more than 2,000 full time employees.

INTERSTATE LOCATION (59,500 VPD)

• This Dollar General Market is positioned on Hwy 301 (17,500 VPD) off the intersection of Interstate 95 (40,500 VPD) & Interstate 42 (19,000 VPD)

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 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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