Dollar General | Retail Corridor (17,000 VPD)

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5051 Hwy 14
Eden (Greensboro MSA), NC

Price: $1,439,000

Cap: 6.75%

NOI: $97,080

Building Size: 10,640 SF

Lot Size: 1.76 AC

Investment Highlights

2023 UPGRADED CONSTRUCTION DOLLAR GENERAL

• New 10,640 SF upgraded construction Dollar General located in Eden, NC.

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

GREENSBORO-HIGH POINT-WINSTON SALEM MSA

• This Dollar General is located 30 minutes north of downtown Greensboro and the Piedmont Triad off Hwy 29 (25,000 VPD).

• The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S. and includes Greensboro, Winston-Salem and Highpoint, NC.

• The Piedmont Triad has an estimated population of 1,611,243 making it the 33rd largest combined statistical area in the United States

• There are more than 20 Colleges and Universities within the Triad including Wake Forest University, Elon University, and High Point University. These schools have a combined student count of 20,000.

• Notable companies headquartered in Greensboro include: Honda Aircraft Company, Lorillard Tobacco Company, Mack Trucks, Volvo Trucks of North America, The Fresh Market, Cook Out, Columbia Forest Products and many more.

1 MILE FROM THE MAIN RETAIL CORRIDOR IN EDEN

• The subject property is located on Hwy 14 (17,000 VPD) 1 mile from the main retail corridor in Eden. National retailers include Food Lion, Tractor Supply, Advance Auto Parts, McDonald’s and more.

• UNC Health Rockingham Hospital is 2 miles from this Dollar General. It is a 108 bed hospital with 750 employees.

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

• 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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