Investment Overview

The subject property is Dollar General store located in Whitwell, a growing satellite community of Chattanooga, Tennessee. Newly constructed in 2022, this Dollar General store consists of +/-10,566 sq ft. situated on +/-1.78 acres of land. This larger Dollar General store offers wider aisles and has dedicated space for expanded merchandise such as home goods. Dollar General opened this store to serve the local Victoria area located just 25 minutes from downtown Chattanooga that has a reported city population of 191,500. Whitwell is in Marion County, which is experiencing a population growth rate of 1.22%, signaling a steady influx of new residents seeking the area’s lower cost of living and higher quality of life. Dollar General Year 2025 gross sales were reported at $40.6 billion. Dollar General has a reported 20,500+ store count across 48 states and has been in business for over 80 years. The lease is absolute NNN with 10% fixed rent increases at the beginning of each 5-year option period. The lease is backed by Dollar General Corporation (NYSE:DG) that has a Standard & Poor’s credit rating of BBB and is a Fortune 500 company. Current Stockholder’s Equity reported at $8.5 billion. Priced at $1,460,000, this property offers an investor with a over 10 years remaining on the initial lease term generating a 6.85% return.