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.