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Dollar General | Winston Salem MSA

3756 NC-87, Reidsville, NC 27320

Listing Price: $1,645,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
14.0
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$10.05

Investment Overview

2023 UPGRADED CONSTRUCTION DOLLAR GENERAL
• New 10,640 SF upgraded construction Dollar General located in Reidsville, NC.
• This store is open and rent commenced in May 2023.

GREENSBORO-HIGH POINT -WINSTON SALEM MSA
• This Dollar General is located 20 minutes north of downtown Greensboro and the Piedmont Triad on Hwy 29 (25,000 VPD).
• The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S. and includes Greensboro, Winston-Salem and Highpoint, NC.
• The Piedmont Triad has an estimated population of 1,611,243 making it the 33rd largest combined statistical area in the United States.
• There are more than 20 Colleges and Universities within the Triad including Wake Forest University, Elon University, and High Point University. These schools have a combined student count of 20,000.
• Notable companies headquartered in Greensboro include: Honda Aircraft Company, Lorillard Tobacco Company, Mack Trucks, Volvo Trucks of North America, The Fresh Market, Cook Out, Columbia Forest Products and many more.

HIGH TRAFFIC L OCATION
• The subject property is located directly off Hwy 29 (25,000 VPD) on Hwy 87 (7,500 VPD).
• National retailers in Reidsville include Lowe’s Home Improvement, Food Lion, Walgreens, McDonalds, Lowe’s Foods, O’Reilly, CVS, Taco Bell and many more.

14 YEAR CORPORATE NNN LEASE
• There are 14 years remaining on the 15 year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• There are 10% rent increases in each of the Five, 5-year option periods.

INVESTMENT GRADE TENANT (S&P: BBB)
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 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

  • 2023 Upgraded Construction Dollar General
  • Greensboro-High Point- Winston Salem MSA
  • High Traffic Location
  • 14 Year Corporate NNN Lease
  • Investment Grade Tenant (S&P: BBB)

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Discount

Dollar General | Winston Salem MSA

Listing Price: $1,645,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
14.0
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$10.05

Investment Highlights

  • 2023 Upgraded Construction Dollar General
  • Greensboro-High Point- Winston Salem MSA
  • High Traffic Location
  • 14 Year Corporate NNN Lease
  • Investment Grade Tenant (S&P: BBB)

Investment Overview

2023 UPGRADED CONSTRUCTION DOLLAR GENERAL • New 10,640 SF upgraded construction Dollar General located in Reidsville, NC. • This store is open and rent commenced in May 2023. GREENSBORO-HIGH POINT -WINSTON SALEM MSA • This Dollar General is located 20 minutes north of downtown Greensboro and the Piedmont Triad on Hwy 29 (25,000 VPD). • The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S. and includes Greensboro, Winston-Salem and Highpoint, NC. • The Piedmont Triad has an estimated population of 1,611,243 making it the 33rd largest combined statistical area in the United States. • There are more than 20 Colleges and Universities within the Triad including Wake Forest University, Elon University, and High Point University. These schools have a combined student count of 20,000. • Notable companies headquartered in Greensboro include: Honda Aircraft Company, Lorillard Tobacco Company, Mack Trucks, Volvo Trucks of North America, The Fresh Market, Cook Out, Columbia Forest Products and many more. HIGH TRAFFIC L OCATION • The subject property is located directly off Hwy 29 (25,000 VPD) on Hwy 87 (7,500 VPD). • National retailers in Reidsville include Lowe’s Home Improvement, Food Lion, Walgreens, McDonalds, Lowe’s Foods, O’Reilly, CVS, Taco Bell and many more. 14 YEAR CORPORATE NNN LEASE • There are 14 years remaining on the 15 year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure. • There are 10% rent increases in each of the Five, 5-year option periods. INVESTMENT GRADE TENANT (S&P: BBB) • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 20,000 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

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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