NEW UPGRADED CONSTRUCTION STORE Brand New 9,100 SF Build to Suit Dollar General located on Highway 19 (17,000 VPD) in the town of Nokesville (Prince William County), VA located in the Washington DC MSA. The store has upgraded construction and is scheduled to open in February 2019.
SUPERIOR DEMOGRAPHICS LOCATION The 5-Mile population of this location is 42,774 with 12.87% growth and the average household income is $149,574 which is superior from typical Dollar General locations.
WASHINGON, DC MSA This property is located in Prince William County which is the 19th most affluent county in the U.S. and part of the Washington D.C. MSA. Nokesville sits approximately 43 miles West of Washington, D.C. which has an MSA population of 6.2 million (6th largest in the country). Washington is described as the political Capital of the World, owing to its status as the seat of the United States federal government and numerous international institutions, such as the World Bank and International Monetary Fund. Washington is also one of the most visited cities in the world, with more than 20 million annual tourists. The economy of the Washington, D.C., metro is one of the largest in the nation and is home to 15 Fortune 500 companies, including Freddie Mac, Northrop Grumman, AES, Danaher and Marriott. Washington is home to many of the nation’s leading media outlets, think tanks and universities; prominent universities include George Washington University, American University, Georgetown University and the University of Maryland. Washington is also home to four major professional sports teams: The Washington Wizards, The Washington Capitals, The Washington Nationals, and The Washington Redskins.
LONG-TERM CORPORATE NNN LEASE The subject property has a brand new 15-year Corporate Guaranteed Lease with Dollar General. The Tenant is 100% responsible for all expenses, including roof, structure, taxes, insurance and common area maintenance. There are 10 percent rent increases in each of the four, 5-year option periods.
INVESTMENT GRADE TENANT Dollar General is a publicly traded (NYSE: DG) Fortune 500 company that operates over 15,000 locations nationwide with a net worth of over four billion. Dollar General is opening 900 locations this year and currently holds an investment grade credit rating of BBB-/Stable with S&P.