Dollar General

Dollar General

6719 Waters Ave.
Savannah, GA

Price: $2,095,000
Cap: 5.75%
NOI: $120,444
Building Size: 9,100
Lot Size: 1.03

Investment Highlights

BRAND NEW CONSTRUCTION STORE
• Brand new 9,100 SF build-to-suit Dollar General in Savannah, GA.
• This store is currently under construction and scheduled for delivery in June 2019.

SAVANNAH
• Savannah is Georgia's fifth-largest city with an estimated population of 146,444 and the third largest MSA of 387,543.
• Savannah is the oldest city in the State of Georgia and is the county seat of Chatham County.
• Home to the Port of Savannah, which is the largest single-terminal container facility of its kind in North America.
• Each year Savannah attracts millions of tourists to its cobblestone streets, parks and notable historic buildings.

ATTRACTIVE DEMOGRAPHICS
• Superior demographics for a Dollar General location.
• 5-mile population of 154,589 and average household income of $63,582.

NEAR PRIMARY RETAIL CORRIDOR
• 1.9M SF of retail within 1 mile of subject property.
• Subject property is well-located on Waters Ave. (18,800 VPD) less than 1 mile from Abercorn St. (32,900 VPD), which is the primary retail corridor.
• Nearby national retailers include: McDonald's, Kroger, TJ Maxx, Publix, Starbucks and more.

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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