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Dollar General

215 W JL Tyre St, Screven, GA 31560

Listing Price: $2,082,000

Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$13.21

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
• 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 is scheduled to deliver in June 2024

SAVANNAH MSA | COASTAL GA
• Screven is located in Southeast GA about 30 minutes from the coast. It is 1.5 hours outside of Savannah and is in the MSA. It is also about an hour outside of Brunswick, GA.
• Coastal GA is home to multiple ports including the Port of Savannah which is the second largest U.S. seaport on the east coast and creates 350,000 jobs and does over $66 billion in annual sales.
• Tourism plays an impactful role in the economy of Coastal GA. Savannah and Brunswick alone support a combined 15 Million Annual tourists.
• Coastal GA is home to multiple military bases including Hunter Army Airfield, Fort Stewart, and Kings Bay Submarine Base (combined 34,550 military personnel)
• Savannah is Georgia’s fifth-largest city with an estimated population of 146,444 and the third largest MSA of 387,543.

POSITIONED ON HIGHWAY 84 (6,220 VPD)
• The subject property is located on Highway 84 (6,220 VPD). Highway 84 connects Screven to Savannah, GA.

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 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

  • 15 YR NNN "Next Gen" DG Lease With 5% Bumps In Initial Lease & Options
  • New Construction DG Market
  • Savannah MSA | Coastal GA
  • Positioned On Highway 84 (6,220 VPD)
  • Investment Grade Tenant

Exclusively Listed By

Financing By

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Dollar General

Listing Price: $2,082,000

Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$13.21

Investment Highlights

  • 15 YR NNN "Next Gen" DG Lease With 5% Bumps In Initial Lease & Options
  • New Construction DG Market
  • Savannah MSA | Coastal GA
  • Positioned On Highway 84 (6,220 VPD)
  • 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 • 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 is scheduled to deliver in June 2024 SAVANNAH MSA | COASTAL GA • Screven is located in Southeast GA about 30 minutes from the coast. It is 1.5 hours outside of Savannah and is in the MSA. It is also about an hour outside of Brunswick, GA. • Coastal GA is home to multiple ports including the Port of Savannah which is the second largest U.S. seaport on the east coast and creates 350,000 jobs and does over $66 billion in annual sales. • Tourism plays an impactful role in the economy of Coastal GA. Savannah and Brunswick alone support a combined 15 Million Annual tourists. • Coastal GA is home to multiple military bases including Hunter Army Airfield, Fort Stewart, and Kings Bay Submarine Base (combined 34,550 military personnel) • Savannah is Georgia’s fifth-largest city with an estimated population of 146,444 and the third largest MSA of 387,543. POSITIONED ON HIGHWAY 84 (6,220 VPD) • The subject property is located on Highway 84 (6,220 VPD). Highway 84 connects Screven to Savannah, GA. 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 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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