Discount
Dollar General | Chattanooga MSA
TBD Martha Berry Highway, Rock Springs, GA 30739
Listing Price: $2,492,000
Investment Overview
NEW UPGRADED CONSTRUCTION DOLLAR GENERAL
• Brand new 10,640 SF upgraded construction Dollar General located in Rock Spring, GA
• This store is currently scheduled for delivery in November of 2024.
15 YR NNN CORPORATE LEASE WITH 5% BUMPS IN INITIAL LEASE & OPTIONS
• This property features 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.
• There are 100% no landlord responsibilities
LESS THAN 2 MILES FROM GEORGIA NORTHWESTERN COLLEGE
• The subject property is located on Highway 27 (16,300 VPD) less than 2 miles from Georgia Northwestern Technical College (13,734 students).
ADJACENT TO NEW 135 HOME SUBDIVISION DEVELOPMENT
• The subject property is located 1.5 miles from the Laurel Ridge subdivision.
• This subdivision, which will feature 135 brand new two-story homes, is currently under construction and is scheduled to deliver in September 2024.
CHATTANOOGA MSA | 4TH LARGEST CITY IN TN
• This Dollar General is located 18 minutes south of downtown Chattanooga on Highway 27 (16,300 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) W/ 20,000+ LOCATIONS
• 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
- New Upgraded Construction Dollar General
- 15 YR NNN Corporate Lease With 5% Bumps In Initial Lease & Options
- Less Than 2 Miles From Georgia Northwestern College
- Adjacent To New 135 Home Subdivision Development
- Chattanooga MSA | 4th Largest City In TN
- Investment Grade Tenant (S&P: BBB) W/20,000 + Locations
Exclusively Listed By
Financing By
Listing Price: $2,492,000
Investment Highlights
- New Upgraded Construction Dollar General
- 15 YR NNN Corporate Lease With 5% Bumps In Initial Lease & Options
- Less Than 2 Miles From Georgia Northwestern College
- Adjacent To New 135 Home Subdivision Development
- Chattanooga MSA | 4th Largest City In TN
- Investment Grade Tenant (S&P: BBB) W/20,000 + Locations
Investment Overview
NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new 10,640 SF upgraded construction Dollar General located in Rock Spring, GA • This store is currently scheduled for delivery in November of 2024. 15 YR NNN CORPORATE LEASE WITH 5% BUMPS IN INITIAL LEASE & OPTIONS • This property features 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. • There are 100% no landlord responsibilities LESS THAN 2 MILES FROM GEORGIA NORTHWESTERN COLLEGE • The subject property is located on Highway 27 (16,300 VPD) less than 2 miles from Georgia Northwestern Technical College (13,734 students). ADJACENT TO NEW 135 HOME SUBDIVISION DEVELOPMENT • The subject property is located 1.5 miles from the Laurel Ridge subdivision. • This subdivision, which will feature 135 brand new two-story homes, is currently under construction and is scheduled to deliver in September 2024. CHATTANOOGA MSA | 4TH LARGEST CITY IN TN • This Dollar General is located 18 minutes south of downtown Chattanooga on Highway 27 (16,300 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) W/ 20,000+ LOCATIONS • 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.