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Dollar General Market | 5 Mile Pop: 87,328 | Fort Oglethorpe (MSA)

TBD McFarland Ave, Fairview, GA 30741

Listing Price: $2,761,000

Cap Rate
6.35%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
12,688
Lease Type
Absolute Net
Rent Per Square Feet
$13.81

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.
• The subject property is a 12,688 SF DG Market which is about 2,000 SF larger than the traditional Dollar General footprint. This store is scheduled to deliver in July 2024
• 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.
• 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.

5 MILE POPULATION: 87,328
• The subject property is surrounded by 87,328 people in a 5-mile radius, which is far superior to most Dollar General locations.

2 MILES FROM A PRIMARY RETAIL CORRIDOR
• The subject property is located on Hwy 2 (31,700 VPD) only 2 miles from a retail corridor with Home Depot, Lowe’s Home Improvement, Hobby Lobby, Walmart, and more.

CHATTANOOGA SUBURB | 4TH LARGEST CITY IN TN
• This Dollar General is located 15 minutes south of downtown Chattanooga on Hwy 2 (31,700 VPD).
• Chattanooga is the fourth largest city in Tennessee with a population of over 170,000 people.
• Chattanooga is one of the South’s top travel destinations, with The New York Times naming Chattanooga one of the “Top 45 Places to Go.”
• 3 million tourists visit Chattanooga annually and contribute $1.16 Billion to the economy.
• Major industries that drive the economy include automotive, advanced manufacturing, food and beverage production, healthcare, insurance, tourism, and back office and corporate headquarters.
• Chattanooga’s affordable cost of living with one of the area’s lowest tax rates as well as the Volkswagen plant has boosted the area’s labor force.

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 Year NNN "Next Gen" DG Lease With 5% Bumps In Initial Lease and Options
  • 5 Mile Population: 87,328
  • 2 Miles From A Primary Retail Corridor
  • Chattanooga Suburb | 4th Largest City In TN
  • Investment Grade Tenant

Exclusively Listed By

Financing By

Discount

Dollar General Market | 5 Mile Pop: 87,328 | Fort Oglethorpe (MSA)

Listing Price: $2,761,000

Cap Rate
6.35%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
12,688
Lease Type
Absolute Net
Rent Per Square Feet
$13.81

Investment Highlights

  • 15 Year NNN "Next Gen" DG Lease With 5% Bumps In Initial Lease and Options
  • 5 Mile Population: 87,328
  • 2 Miles From A Primary Retail Corridor
  • Chattanooga Suburb | 4th Largest City In TN
  • 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. • The subject property is a 12,688 SF DG Market which is about 2,000 SF larger than the traditional Dollar General footprint. This store is scheduled to deliver in July 2024 • 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. • 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. 5 MILE POPULATION: 87,328 • The subject property is surrounded by 87,328 people in a 5-mile radius, which is far superior to most Dollar General locations. 2 MILES FROM A PRIMARY RETAIL CORRIDOR • The subject property is located on Hwy 2 (31,700 VPD) only 2 miles from a retail corridor with Home Depot, Lowe’s Home Improvement, Hobby Lobby, Walmart, and more. CHATTANOOGA SUBURB | 4TH LARGEST CITY IN TN • This Dollar General is located 15 minutes south of downtown Chattanooga on Hwy 2 (31,700 VPD). • Chattanooga is the fourth largest city in Tennessee with a population of over 170,000 people. • Chattanooga is one of the South’s top travel destinations, with The New York Times naming Chattanooga one of the “Top 45 Places to Go.” • 3 million tourists visit Chattanooga annually and contribute $1.16 Billion to the economy. • Major industries that drive the economy include automotive, advanced manufacturing, food and beverage production, healthcare, insurance, tourism, and back office and corporate headquarters. • Chattanooga’s affordable cost of living with one of the area’s lowest tax rates as well as the Volkswagen plant has boosted the area’s labor force. 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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