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Dollar General | North GA Location

3437 Kingston Hwy, Rome, GA 30161

Listing Price: $2,307,000

Cap Rate
6.40%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
12,480
Lease Type
Absolute Net
Rent Per Square Feet
$11.83

Investment Overview

15 YR NNN “NEXT GEN” DG LEASE WITH 5% BUMPS IN INITIAL LEASE & OPTIONS
• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the 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 5% rent increases in each of the five, 5-year option periods.

NEW CONSTRUCTION DG MARKET
• The subject property is a 12,480 SF DG Market which is about 2,000 SF larger than the traditional Dollar General footprint.
• DG Market is a combo store with fresh produce, milk, meats, and other groceries added to Dollar General’s usual mix of low-price general merchandise.
• This store sits on 2.14 acres and is scheduled to deliver in June 2024.

ROME, GA | LARGEST CITY IN NORTHWEST GA
• This Dollar General is located 6 miles east of Downtown Rome on Highway 293.
• Rome is the largest city in Northwest GA with a population of 36,332 and is the county seat of Floyd County.
• National Retailers in Rome include Lowe’s Home Improvement, Publix, Sam’s Club, Kroger, Mount Berry Mall, Walmart, Hobby Lobby, and more.
• Rome has long had the strength of economic diversity, with an economy founded in manufacturing, education, healthcare, technology, tourism, and other industries.
• Rome is also well known in the region for its medical facilities, particularly Floyd Medical Center (304 Beds), Redmond Regional Medical Center (230 Beds), and Harbin Clinic (120 Beds) and more.
• Home to multiple colleges and universities including Georgia Northwestern Technical College (5,837 Students).

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 19,725 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.

Investment Highlights

  • 15 YR NNN "Next Gen" DG Lease With 5% Bumps In Initial Lease & Options
  • New Construction DG Market
  • Rome, GA | Largest City In Northwest GA
  • Investment Grade Tenant

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Dollar General | North GA Location

Listing Price: $2,307,000

Cap Rate
6.40%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
12,480
Lease Type
Absolute Net
Rent Per Square Feet
$11.83

Investment Highlights

  • 15 YR NNN "Next Gen" DG Lease With 5% Bumps In Initial Lease & Options
  • New Construction DG Market
  • Rome, GA | Largest City In Northwest GA
  • Investment Grade Tenant

Investment Overview

15 YR NNN “NEXT GEN” DG LEASE WITH 5% BUMPS IN INITIAL LEASE & OPTIONS • This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the 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 5% rent increases in each of the five, 5-year option periods. NEW CONSTRUCTION DG MARKET • The subject property is a 12,480 SF DG Market which is about 2,000 SF larger than the traditional Dollar General footprint. • DG Market is a combo store with fresh produce, milk, meats, and other groceries added to Dollar General’s usual mix of low-price general merchandise. • This store sits on 2.14 acres and is scheduled to deliver in June 2024. ROME, GA | LARGEST CITY IN NORTHWEST GA • This Dollar General is located 6 miles east of Downtown Rome on Highway 293. • Rome is the largest city in Northwest GA with a population of 36,332 and is the county seat of Floyd County. • National Retailers in Rome include Lowe’s Home Improvement, Publix, Sam’s Club, Kroger, Mount Berry Mall, Walmart, Hobby Lobby, and more. • Rome has long had the strength of economic diversity, with an economy founded in manufacturing, education, healthcare, technology, tourism, and other industries. • Rome is also well known in the region for its medical facilities, particularly Floyd Medical Center (304 Beds), Redmond Regional Medical Center (230 Beds), and Harbin Clinic (120 Beds) and more. • Home to multiple colleges and universities including Georgia Northwestern Technical College (5,837 Students). 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 19,725 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.

Exclusively Listed By

Financing By

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