Discount

Dollar General (Savannah MSA)

TBD McCall Road, Rincon, GA 31326

Listing Price: $1,815,000

Cap Rate
5.55%
Tenant Name
Dollar General
Years Remaining On Lease
15.5
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.06

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand New Dollar General with Façade Upgrades located in Rincon (Savannah), GA. • This store is currently under construction and scheduled for delivery in June 2021. SAVANNAH MSA • Rincon is located 15 miles Northwest of downtown Savannah, GA and is part of the Savannah MSA. • Savannah is Georgia’s fifth-largest city with an estimated population of 146,444 and the third largest MSA of 387,543. • The Port of Savannah is the second largest U.S. seaport on the east coast and creates 350,000 jobs and does over $66 billion in annual sales. • Savannah is the oldest city and the top tourist destination in Georgia with over 12.1 million tourists annually. • Home to Hunter Army Airfield which services Fort Stewart (11,205 Military Personal) and Savannah College of Art & Design (13,000 Students) & Georgia Southern University–Armstrong Campus (5,278 Students). • Savannah is the county seat of Chatham County. AFFULENT HIGH GROWTH MARKET • Surrounded by multiple apartment complexes and housing developments. The 5 Mile population is 31,752 with over 27% growth. • The average household income is $89,527 which is superior to most Dollar General Locations. HIGH TRAFFIC LOCATION • This Dollar General is located off Hwy 21 (31,600 VPD), an 85-mile highway connecting Savannah and Millen, GA. • Nearby national retailers include Lowe’s, Kroger, Tractor Supply, CVS, Starbucks, McDonalds and more. 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. 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 Upgraded Construction Store
  • Savannah MSA Location
  • Off Hwy 21 (31,600 VPD)
  • 5 Mile Population 31,752 & 27% Growth
  • 15-Year NNN Lease
  • Investment Grade Tenant 17,000 + Locations

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

Discount

Dollar General (Savannah MSA)

Listing Price: $1,815,000

Cap Rate
5.55%
Tenant Name
Dollar General
Years Remaining On Lease
15.5
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.06

Investment Highlights

  • New Upgraded Construction Store
  • Savannah MSA Location
  • Off Hwy 21 (31,600 VPD)
  • 5 Mile Population 31,752 & 27% Growth
  • 15-Year NNN Lease
  • Investment Grade Tenant 17,000 + Locations

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand New Dollar General with Façade Upgrades located in Rincon (Savannah), GA. • This store is currently under construction and scheduled for delivery in June 2021. SAVANNAH MSA • Rincon is located 15 miles Northwest of downtown Savannah, GA and is part of the Savannah MSA. • Savannah is Georgia’s fifth-largest city with an estimated population of 146,444 and the third largest MSA of 387,543. • The Port of Savannah is the second largest U.S. seaport on the east coast and creates 350,000 jobs and does over $66 billion in annual sales. • Savannah is the oldest city and the top tourist destination in Georgia with over 12.1 million tourists annually. • Home to Hunter Army Airfield which services Fort Stewart (11,205 Military Personal) and Savannah College of Art & Design (13,000 Students) & Georgia Southern University–Armstrong Campus (5,278 Students). • Savannah is the county seat of Chatham County. AFFULENT HIGH GROWTH MARKET • Surrounded by multiple apartment complexes and housing developments. The 5 Mile population is 31,752 with over 27% growth. • The average household income is $89,527 which is superior to most Dollar General Locations. HIGH TRAFFIC LOCATION • This Dollar General is located off Hwy 21 (31,600 VPD), an 85-mile highway connecting Savannah and Millen, GA. • Nearby national retailers include Lowe’s, Kroger, Tractor Supply, CVS, Starbucks, McDonalds and more. 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. 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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