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Dollar General

6869 Gate City Hwy, Bristol, VA 24202

Listing Price: $1,564,000

Cap Rate
6.05%
Tenant Name
Dollar General
Years Remaining On Lease
10.9
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$171.87
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.40

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS Upgraded construction with 3-sides red brick Desirable DG building size of 9,100 SF Large ±1.18-acre parcel Fundamentally low base rent of $10.40/SF OPTIMAL LEASE STRUCTURE True NNN lease Zero landlord responsibilities 10% rent escalation in each renewal option 11+ years remain on base term BEST-IN-CLASS TENANT Investment grade credit rating of BBB/Stable (S&P) 2021 financials: $32.4 B in revenue & net worth of $6.66 B Revenue growth year-over-year since 2013 DG operates 18,200+ stores across 47 states Ranked #106 on the Fortune 500 list for 2022 MAJOR NEARBY ECONOMIC DRIVERS Bristol Casino: Future Home of Hard Rock (https://www.hardrockhotelcasinobristol.com/about-us) 1.9 miles from the subject property Home of 870 slots, 21 table games, 3 restaurants, Hard Rock Sportsbook, etc. Hard Rock Hotel coming summer 2024 – 350+ hotel rooms 4 MM visitors annually $400 MM expansion of Bristol Mall Bristol Regional Medical Center (https://www.balladhealth.org/locations/hospitals/bristol-regional) 3 miles from subject property 275-bed hospital Specialty services include: Diabetes treatment center, Robot-assisted surgery, Advanced cancer technologies, Pediatric emergency department, and Neuroscience Recognized as one of the top 100 Hospitals in the US by CareChex in the areas of heart attack treatment, joint replacement, and trauma care (2017) Part of Ballad Health, 21-hospital system The Pinnacle (https://thepinnacle.com/about/) 4.4 miles from the subject property Region’s premier lifestyle shopping destination 1+ MM SF of retail space 1 MM people living in Pinnacle Market Area Bristol Motor Speedway (https://discoverbristol.org/attractions/bristol-motor-speedway/) 9.9 miles from subject property ±1 MM visitors annually Host of NASCAR Sprint Cup, Xfinity, Camping World Trucks and Modified events

Investment Highlights

  • 11+ YRS REMAINING
  • ABS. NNN | INVESTMENT GRADE CREDIT
  • 1.9 MILES FROM NEW HARD ROCK HOTEL & CASINO

Exclusively Listed By

  • Jared M. Kaye

    First Vice President Investments

    (678) 808-2821

    Email Jared

    License(s): GA: 348701, FL: SL3224428, SC: 129648, NV: S.0198902

    Atlanta

  • Sonny Molloy

    Senior Managing Director Investments

    (678) 808-2763

    Email Sonny

    License(s): GA: 249161, NC: 262596

    Atlanta

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Discount

Dollar General

Listing Price: $1,564,000

Cap Rate
6.05%
Tenant Name
Dollar General
Years Remaining On Lease
10.9
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$171.87
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.40

Investment Highlights

  • 11+ YRS REMAINING
  • ABS. NNN | INVESTMENT GRADE CREDIT
  • 1.9 MILES FROM NEW HARD ROCK HOTEL & CASINO

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS Upgraded construction with 3-sides red brick Desirable DG building size of 9,100 SF Large ±1.18-acre parcel Fundamentally low base rent of $10.40/SF OPTIMAL LEASE STRUCTURE True NNN lease Zero landlord responsibilities 10% rent escalation in each renewal option 11+ years remain on base term BEST-IN-CLASS TENANT Investment grade credit rating of BBB/Stable (S&P) 2021 financials: $32.4 B in revenue & net worth of $6.66 B Revenue growth year-over-year since 2013 DG operates 18,200+ stores across 47 states Ranked #106 on the Fortune 500 list for 2022 MAJOR NEARBY ECONOMIC DRIVERS Bristol Casino: Future Home of Hard Rock (https://www.hardrockhotelcasinobristol.com/about-us) 1.9 miles from the subject property Home of 870 slots, 21 table games, 3 restaurants, Hard Rock Sportsbook, etc. Hard Rock Hotel coming summer 2024 – 350+ hotel rooms 4 MM visitors annually $400 MM expansion of Bristol Mall Bristol Regional Medical Center (https://www.balladhealth.org/locations/hospitals/bristol-regional) 3 miles from subject property 275-bed hospital Specialty services include: Diabetes treatment center, Robot-assisted surgery, Advanced cancer technologies, Pediatric emergency department, and Neuroscience Recognized as one of the top 100 Hospitals in the US by CareChex in the areas of heart attack treatment, joint replacement, and trauma care (2017) Part of Ballad Health, 21-hospital system The Pinnacle (https://thepinnacle.com/about/) 4.4 miles from the subject property Region’s premier lifestyle shopping destination 1+ MM SF of retail space 1 MM people living in Pinnacle Market Area Bristol Motor Speedway (https://discoverbristol.org/attractions/bristol-motor-speedway/) 9.9 miles from subject property ±1 MM visitors annually Host of NASCAR Sprint Cup, Xfinity, Camping World Trucks and Modified events

Exclusively Listed By

  • Jared M. Kaye

    First Vice President Investments

    (678) 808-2821

    Email Jared

    License(s): GA: 348701, FL: SL3224428, SC: 129648, NV: S.0198902

    Atlanta

  • Sonny Molloy

    Senior Managing Director Investments

    (678) 808-2763

    Email Sonny

    License(s): GA: 249161, NC: 262596

    Atlanta

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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