Dollar General

Dollar General

4421 Long Beach Road SE
Southport (Myrtle Beach MSA), NC

Price: $2,408,000
Cap: 5.50%
NOI: $132,420
Building Size: 9,026 SF
Lot Size: 0.70 AC

Investment Highlights

BRAND NEW UPGRADED RELOCATION STORE
• 
Brand New 9,026 SF build-to-suit Dollar General in Southport, NC.
• This is a relocation store with upgraded brick construction and is scheduled for delivery March 2019.

PRIME COASTAL CAROLINA LOCATION
• Southport is well-located on the Southeastern NC coast 32 miles south of Wilmington, NC and part of the Myrtle Beach MSA.
• Southport is part of the NC Brunswick Islands, which received $562.6M from tourism in 2017.
• Numerous TV series and Films have been shot in Southport including: Revenge, I Know What You Did Last Summer, Safe Haven, A Walk to Remember, and The Secret Life of Bees.

ATTRACTIVE DEMOGRAPHICS
• Superior demographics for a Dollar General location.
• 5-Mile Average Household Income over $77,000 and nearly 18% growth.

NEAR PRIMARY RETAIL CORRIDOR
• Subject property is well-located on Hwy 133 (16,000 VPD) and less than 1-mile from Hwy 211 (26,000 VPD), which is the primary retail corridor.
• Newly constructed feeder road will drive more traffic flow past this Dollar General, making this an even better location.
• Nearby national retailers include: Lowe’s Home Improvement, Walmart, Food Lion, Lowe’s Foods, Walgreens, McDonald’s and more. 
• Publix is also building a new grocery store near this Dollar General.

LONG TERM CORPORATE NNN LEASE
• Brand new 15-year corporate guaranteed lease with Dollar General.
• Tenant 100% responsible for all expenses, which include taxes, CAM, insurance, roof and structure.
• 10% rent increase in each of the five, 5-year option periods.

INVESTMENT GRADE TENANT 
• 
Dollar General is a publicly traded (NYSE: DG) Fortune 500 company and is BBB investment grade rated.
• Currently over 15,000 locations in 45 states and 975 new locations expected to be opened this year.
• Dollar General has been in business for 79 years and has a current net worth of over $6B.

Don McMinn
OFFERING MEMORANDUM

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