Dollar General | Winston-Salem MSA

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1660 US-64
Mocksville, NC

Price: $1,791,000

Cap: 6.75%

NOI: $120,876

Building Size: 10,640 SF

Lot Size: 2.16 AC

Investment Highlights

2023 UPGRADED CONSTRUCTION DOLLAR GENERAL

• 10,640 SF upgraded construction Dollar General located in the Winston-Salem, NC MSA.

• This store opened and rent commenced in June 2023.

WINSTON-SALEM MSA | 2ND LARGEST CITY IN PIEDMONT TRIAD REGION

• This Dollar General is located off I-40 (39,500 VPD) 20 miles Southwest of downtown Winston-Salem and is part of the Winston-Salem MSA.

• Winston-Salem is the second largest municipality in the Piedmont Triad region and the fifth most populous city in North Carolina with a population of 247,945.

• 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.

• Winston-Salem is home to the corporate headquarters of BB&T, HanesBrands, Inc., Krispy Kreme, Lowes Food Stores, and many more.

• Winston-Salem is home to 6 colleges and universities including Wake Forest University (8,789 Students) which ranks in the top 30 for national universities.

• Medical research is a fast-growing local industry, and Wake Forest Baptist Medical Center is the largest employer in Winston-Salem.

• Home to Smith Reynolds Airport that supports an average of 117 aircraft operations per day and hosts the Winston-Salem Air Show which draws over 20,000 spectators.

HIGH TRAFFIC LOCATION (15,500 VPD)

• The subject property is located off Interstate 40 (39,500 VPD) on Highway 64 (15,500 VPD)

• Mocksville is the county seat of Davie County.

• National retailers in Mocksville include Lowe’s Home Improvement, Food Lion, Tractor Supply, AutoZone, Walgreens, McDonald’s and many more.

14 YEAR CORPORATE NNN LEASE

• There are 14 years remaining on a 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 (S&P: BBB)

• 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 >

Andrew Koriwchak

678-808-2816 | EMAIL >

OFFERING MEMORANDUM

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