Discount
Dollar General Market | Chattanooga MSA
2150 Georgia Highway, Trenton, GA 30752
Listing Price: $2,375,000
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, parking lot, 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 opened and rent commenced in September 2024.
SIGNALIZED INTERSECTION (12,070 VPD) OFF AN INTERSTATE
• This Dollar General is located at the signalized intersection of two highways with a combined traffic count of 12,070 vehicles per day.
• The subject property is 4 miles off Interstate 59 (22,400 VPD). Interstate 59 connects Trenton to Chattanooga.
• Additional national retailers in Trenton include Tractor Supply, CVS, O’Reilly Auto Parts, McDonald's, and more.
CHATTANOOGA MSA | 4TH LARGEST CITY IN TN
• This Dollar General is located 30 minutes southwest of downtown Chattanooga off interstate (22,400 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 (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
- 15 Year NNN "Next Gen" DG Lease With 5% Bumps In Initial Lease & Options
- New Construction DG Market
- Signalized Intersection (12,070 VPD) Off An Interstate
- Chattanooga MSA | 4th Largest City In TN
- Investment Grade Tenant (S&P: BBB)
Exclusively Listed By
Financing By
Listing Price: $2,375,000
Investment Highlights
- 15 Year NNN "Next Gen" DG Lease With 5% Bumps In Initial Lease & Options
- New Construction DG Market
- Signalized Intersection (12,070 VPD) Off An Interstate
- Chattanooga MSA | 4th Largest City In TN
- Investment Grade Tenant (S&P: BBB)
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, parking lot, 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 opened and rent commenced in September 2024. SIGNALIZED INTERSECTION (12,070 VPD) OFF AN INTERSTATE • This Dollar General is located at the signalized intersection of two highways with a combined traffic count of 12,070 vehicles per day. • The subject property is 4 miles off Interstate 59 (22,400 VPD). Interstate 59 connects Trenton to Chattanooga. • Additional national retailers in Trenton include Tractor Supply, CVS, O’Reilly Auto Parts, McDonald's, and more. CHATTANOOGA MSA | 4TH LARGEST CITY IN TN • This Dollar General is located 30 minutes southwest of downtown Chattanooga off interstate (22,400 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 (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.