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Dollar General

TBD Main Street, Baxley, GA 31513

Listing Price: $1,739,000

Cap Rate
5.90%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.27

Investment Overview

NEW CONSTRUCTION BTS DOLLAR GENERAL • Brand New Build to Suit Dollar General located in Baxley, GA. • This store is 9,100 SF and is currently under construction and scheduled for delivery in June 2021. NEW 15 YEAR CORPORATE NNN LEASE • Brand 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 10% rent increases in each of the four, 5-year option periods. ESSENTIAL RETAILER • Dollar General has thrived during the pandemic and delivered their 30th consecutive year of same store sales growth in 2020. • Dollar General continued to pay rent to their landlords during COVID even while hiring 50,000 new employees • Dollar General opened another 1,000 stores in 2020 and are forecasted to expand another 1,050 locations in 2021 BAXLEY, GA • Subject property is located on South Main St. (13,800 VPD) and half a mile from Hwy 341 (13,200 VPD). • Surrounding retailers include Tractor Supply, CVS, Walmart, Goodwill, McDonald’s, Burger King, and more. • This store sits less than 1 mile from Appling County High School (1,005 Students), Appling County Elementary School (551 Students), and Appling Christian Academy (150 Students). • Home to Baxley Municipal Airport that supports an average of 34 Aircraft operations per day. • 2-miles away from Coastal Pines Technical College (4,313 Students) • Baxley is the county seat of Appling County 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 17,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Investment Highlights

  • New Construction Store June 2021 Delivery
  • Brand New 15-Year NNN Lease
  • Investment Grade Tenant 17,000 + Locations
  • Located on S Main Street 13,800 VPD
  • Essential Retailer

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

Listing Price: $1,739,000

Cap Rate
5.90%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.27

Investment Highlights

  • New Construction Store June 2021 Delivery
  • Brand New 15-Year NNN Lease
  • Investment Grade Tenant 17,000 + Locations
  • Located on S Main Street 13,800 VPD
  • Essential Retailer

Investment Overview

NEW CONSTRUCTION BTS DOLLAR GENERAL • Brand New Build to Suit Dollar General located in Baxley, GA. • This store is 9,100 SF and is currently under construction and scheduled for delivery in June 2021. NEW 15 YEAR CORPORATE NNN LEASE • Brand 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 10% rent increases in each of the four, 5-year option periods. ESSENTIAL RETAILER • Dollar General has thrived during the pandemic and delivered their 30th consecutive year of same store sales growth in 2020. • Dollar General continued to pay rent to their landlords during COVID even while hiring 50,000 new employees • Dollar General opened another 1,000 stores in 2020 and are forecasted to expand another 1,050 locations in 2021 BAXLEY, GA • Subject property is located on South Main St. (13,800 VPD) and half a mile from Hwy 341 (13,200 VPD). • Surrounding retailers include Tractor Supply, CVS, Walmart, Goodwill, McDonald’s, Burger King, and more. • This store sits less than 1 mile from Appling County High School (1,005 Students), Appling County Elementary School (551 Students), and Appling Christian Academy (150 Students). • Home to Baxley Municipal Airport that supports an average of 34 Aircraft operations per day. • 2-miles away from Coastal Pines Technical College (4,313 Students) • Baxley is the county seat of Appling County 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 17,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

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