4421 Long Beach Road SE Southport (Myrtle Beach MSA), NC
Building Size: 9,026 SF
Lot Size:0.70 AC
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.