Dollar General

Dollar General

6525 Highway 84 E
Patterson, GA

Price: $892,000
Cap: 8.25%
NOI: $73,589
Building Size: 9,100 SF
Lot Size: 0.99 AC

Investment Highlights

LONG TERM CORPORATE NNN LEASE
• 
Well-Established 9,100 SF Dollar General in Patterson, GA.
• The subject property has 15-year Corporate Guaranteed Lease with Dollar General.
• The Tenant is 100% responsible Taxes, CAM, Insurance, and HVAC expenses.
• There are 10-percent rental increases at the beginning of year 11 (2019) and each of the four, 5-year option periods.
• The store serves as a primary retailer for Patterson and the surrounding area.
• The closest Walmart is 19 miles away in Waycross. The closest Family dollar is within 9 miles.

INVESTMENT GRADE TENANT
• 
Dollar General is a publicly traded (NYSE: DG) Fortune 500 company and currently holds an investment grade credit rating of BBB with S&P.
• There are currently over 15,000 locations in 45 states and is opening 900 locations this year.
• Dollar General has been in business for 79 years and has a net worth of over $6.1 B.

2009 BUILD TO SUIT CONSTRUCTION
• The subject property is located approximately 50 miles West of Brunswick, GA and the island communities in Coastal Georgia known as the “Golden Isles of Georgia,” including Brunswick, St. Simons Island, Sea Island, Jekyll Island and Little St. Simons Island.
• Tourism to the area draws 2.0 million tourists per year with $1.4 spent billion in the area annually. 
• 
Brunswick is also home to the Federal Law Enforcement Training Center, where over 80 Federal law enforcement agencies come to receive training. 
• 
The Port of Brunswick is one of the most active deep-water ports on the East Coast and is a leading port for automobile imports. Brunswick is also home to the Coastal College of Georgia (3,500+ Students).

THRIVING STATE ECONOMY
• Georgia is a competitive, business-friendly state and the 2018 economic outlook for Georgia is strong. 
• 
Georgia’s economy to grow faster than the nation’s economy for the third straight year (Georgia Trend Magazine).
• Georgia’s gross domestic product ($404.2 B in 2017) and personal income growth ($434 M) is projected to have a similar track to 2017’s figures.

Don McMinn
OFFERING MEMORANDUM

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