Discount
Dollar General | Winston Salem MSA
1660 US-64, Mocksville, NC 27028
Listing Price: $1,860,000
Investment Overview
2023 UPGRADED CONSTRUCTION DOLLAR GENERAL
• 10,640 SF upgraded construction Dollar General located in the Winston-Salem, NC MSA.
• This store opened and rent commenced in June 2023.
WINSTON-SALEM MSA | 2ND LARGEST CITY IN PIEDMONT TRIAD REGION
• This Dollar General is located off I-40 (39,500 VPD) 20 miles Southwest of downtown Winston-Salem and is part of the Winston-Salem MSA.
• Winston-Salem is the second largest municipality in the Piedmont Triad region and the fifth most populous city in North Carolina with a population of 247,945.
• 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.
• Winston-Salem is home to the corporate headquarters of BB&T, HanesBrands, Inc., Krispy Kreme, Lowes Food Stores, and many more.
• Winston-Salem is home to 6 colleges and universities including Wake Forest University (8,789 Students) which ranks in the top 30 for national universities.
• Medical research is a fast-growing local industry, and Wake Forest Baptist Medical Center is the largest employer in Winston-Salem.
• Home to Smith Reynolds Airport that supports an average of 117 aircraft operations per day and hosts the Winston-Salem Air Show which draws over 20,000 spectators.
MOCKSVILLE, NC
• Mocksville is the county seat of Davie County.
• National retailers in Mocksville include Lowe’s Home Improvement, Food Lion, Tractor Supply, AutoZone, Walgreens, McDonald’s and many more.
14 YEAR CORPORATE NNN LEASE
• There are 14 years remaining on a 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
- Winston-Salem MSA | 2nd Largest City In Piedmont Triad Region
- Mocksville, NC
- 14 Year Corporate NNN Lease
- Investment Grade Tenant (S&P: BBB)
Exclusively Listed By
Financing By
Listing Price: $1,860,000
Investment Highlights
- 2023 Upgraded Construction Dollar General
- Winston-Salem MSA | 2nd Largest City In Piedmont Triad Region
- Mocksville, NC
- 14 Year Corporate NNN Lease
- Investment Grade Tenant (S&P: BBB)
Investment Overview
2023 UPGRADED CONSTRUCTION DOLLAR GENERAL • 10,640 SF upgraded construction Dollar General located in the Winston-Salem, NC MSA. • This store opened and rent commenced in June 2023. WINSTON-SALEM MSA | 2ND LARGEST CITY IN PIEDMONT TRIAD REGION • This Dollar General is located off I-40 (39,500 VPD) 20 miles Southwest of downtown Winston-Salem and is part of the Winston-Salem MSA. • Winston-Salem is the second largest municipality in the Piedmont Triad region and the fifth most populous city in North Carolina with a population of 247,945. • 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. • Winston-Salem is home to the corporate headquarters of BB&T, HanesBrands, Inc., Krispy Kreme, Lowes Food Stores, and many more. • Winston-Salem is home to 6 colleges and universities including Wake Forest University (8,789 Students) which ranks in the top 30 for national universities. • Medical research is a fast-growing local industry, and Wake Forest Baptist Medical Center is the largest employer in Winston-Salem. • Home to Smith Reynolds Airport that supports an average of 117 aircraft operations per day and hosts the Winston-Salem Air Show which draws over 20,000 spectators. MOCKSVILLE, NC • Mocksville is the county seat of Davie County. • National retailers in Mocksville include Lowe’s Home Improvement, Food Lion, Tractor Supply, AutoZone, Walgreens, McDonald’s and many more. 14 YEAR CORPORATE NNN LEASE • There are 14 years remaining on a 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
Financing By
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