NEW UPGRADED CONSTRUCTION Brand New 9,100 SF Build to Suit Dollar General in Red House (Charlotte County), VA.The store is well located at the 2-way Intersection of Red House Rd. (U.S. Hwy 727) & Lawyers Rd (3,000 Total VPD). This store has upgraded construction and opened September 2018.
LYNCHBURG MSA This Dollar General is well located less than 30 miles East of Lynchburg, VA. Lynchburg is located East of the Blue Ridge Mountains and is known as the “City of Seven Hills.” Lynchburg lies at the center of a wider metropolitan area close to the geographic center of Virginia. It is the fifth largest MSA in Virginia with a population of 260,320 and hosts several institutions of higher education, including Liberty University, the nation's largest non-profituniversity, as well as the University of Lynchburg, and Randolph College. Other nearby cities include Roanoke, Charlottesville, and Danville.
VIRGINIA With a population of over 8.4 million Virginia's economy has many sectors: agriculture in the Shenandoah Valley; federal agencies in Northern Virginia, including the headquarters of the U.S. Department of Defense and Central Intelligence Agency (CIA); and military facilities in Hampton Roads, the site of the region's main seaport.The economy of Virginia is well balanced with diverse industries, starting in the North, where software, communications, consulting, defense contracting, diplomats, and considerable components of the professional government sector reign, and moving South where profitable agribusiness thrives focused on wineries, cattle, tobacco, tomatoes and peanut farming. Virginia enjoys the highest number of counties and independent cities (15) in the top 100 wealthiest jurisdictions in the U.S. based upon median income, in addition, Virginia tied with Colorado as having the most counties (10) in the top 100 based on per capita income.
LONG-TERM CORPORATE NNN LEASE The subject property has a brand new 15-year Corporate Guaranteed Lease withDollar 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 14,761 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.