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Dollar General (Chattanooga MSA)

TBD GA-255, Temple Grove, GA 30711

Listing Price: $1,986,000

Cap Rate
4.80%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.96

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new 10,640 SF Dollar General located in Temple Grove (Chattanooga MSA), GA • This store has upgraded wood construction and is scheduled for delivery in August 2022. NEAR DALTON, GA | CARPET CAPITAL OF THE WORLD • Subject property is located 19 miles north of Dalton, GA at the intersection of Hwy 225 and Hwy 2. • Dalton is the county seat of Whitfield County located just off Interstate 75 in the foothills of the Blue Ridge Mountains and is the second largest city in NW GA • Dalton is known as “The Carpet Capital of the World” and is home to 90% of the world’s carpet production. • Dalton houses over 150 carpet plants employing approximately 30,000 people and future job growth is predicted to be 36.74% over the next 10 years. • Dalton is home to Dalton State College (5,987+ Students). Dalton and Whitefield County School districts include 34 schools with over 17,929 students. CHATTANOOGA MSA • Temple Grove is 40 miles Southeast of Chattanooga and is part of the Chattanooga MSA. • Chattanooga is the fourth largest city in Tennessee with a population of over 170,000 people. • Chattanooga is one of the South’s top travel destinations, with the New York Times naming Chattanooga one of the “Top 45 Places to Go.” • 3 million tourists visit Chattanooga annually and contribute $1.16 Billion to the economy. • Major industries that drive the economy include automotive, advanced manufacturing, food and beverage production, healthcare, insurance, tourism, and back office and corporate headquarters • Chattanooga’s affordable cost of living with one of the area’s lowest tax rates as well as the Volkswagen plant has boosted the area’s labor force. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 18,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Investment Highlights

  • New Upgraded Dollar General | Delivery Aug 2022
  • Near Dalton, GA Carpet Capital of the World
  • Chattanooga MSA | 4th Largest City in TN
  • 15-Year NNN Lease
  • Investment Grade Tenant | 18,000 + Locations

Exclusively Listed By

Financing By

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Dollar General (Chattanooga MSA)

Listing Price: $1,986,000

Cap Rate
4.80%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.96

Investment Highlights

  • New Upgraded Dollar General | Delivery Aug 2022
  • Near Dalton, GA Carpet Capital of the World
  • Chattanooga MSA | 4th Largest City in TN
  • 15-Year NNN Lease
  • Investment Grade Tenant | 18,000 + Locations

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new 10,640 SF Dollar General located in Temple Grove (Chattanooga MSA), GA • This store has upgraded wood construction and is scheduled for delivery in August 2022. NEAR DALTON, GA | CARPET CAPITAL OF THE WORLD • Subject property is located 19 miles north of Dalton, GA at the intersection of Hwy 225 and Hwy 2. • Dalton is the county seat of Whitfield County located just off Interstate 75 in the foothills of the Blue Ridge Mountains and is the second largest city in NW GA • Dalton is known as “The Carpet Capital of the World” and is home to 90% of the world’s carpet production. • Dalton houses over 150 carpet plants employing approximately 30,000 people and future job growth is predicted to be 36.74% over the next 10 years. • Dalton is home to Dalton State College (5,987+ Students). Dalton and Whitefield County School districts include 34 schools with over 17,929 students. CHATTANOOGA MSA • Temple Grove is 40 miles Southeast of Chattanooga and is part of the Chattanooga MSA. • Chattanooga is the fourth largest city in Tennessee with a population of over 170,000 people. • Chattanooga is one of the South’s top travel destinations, with the New York Times naming Chattanooga one of the “Top 45 Places to Go.” • 3 million tourists visit Chattanooga annually and contribute $1.16 Billion to the economy. • Major industries that drive the economy include automotive, advanced manufacturing, food and beverage production, healthcare, insurance, tourism, and back office and corporate headquarters • Chattanooga’s affordable cost of living with one of the area’s lowest tax rates as well as the Volkswagen plant has boosted the area’s labor force. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 18,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Exclusively Listed By

Financing By

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