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Dollar General

315 Columbus Hwy, Box Springs, GA 31801

Listing Price: $1,836,000

Cap Rate
5.40%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.89

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new 9,100 SF upgraded Dollar General located in Box Springs (Columbus MSA), GA • This store is currently under construction and scheduled for delivery in August 2021 COLUMBUS MSA • This Dollar General is located 25 miles East of Columbus off Highway 80 (8,250 VPD) • Columbus is the county seat of Muscogee County and is the third largest city in the State of Georgia with a population of 195,769. • Columbus is home to multiple universities and colleges including Columbus State University (8,307 Students), Columbus Technical College (4,700 Students), Georgia Military College (8,812 students), and more. • The Columbus Airport sees over 51,000 passengers per year and supports 23,658 aircraft operations annually. • The city’s key industries include aerospace, automotive, biosciences, defense, manufacturing, technology and tourism FORT BENNING • Fort Benning is located in Columbus and is the fifth largest U.S. Military base with over 120,000 military personnel and families. • The annual economic impact of Fort Benning is more than $4.75 Billion. • Fort Benning is the home of the United States Army Maneuver Center of Excellence, the United States Army Armor School, United States Army Infantry School, and many other tenant units. 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 | Delivery Aug 2021
  • Columbus MSA | 3rd Largest City In GA
  • Home to Fort Benning | 120,000 Military Personnel
  • 15-Year NNN Lease
  • Investment Grade Tenant | 17,000 + Locations

Exclusively Listed By

Listing Price: $1,836,000

Cap Rate
5.40%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.89

Investment Highlights

  • New Upgraded Construction | Delivery Aug 2021
  • Columbus MSA | 3rd Largest City In GA
  • Home to Fort Benning | 120,000 Military Personnel
  • 15-Year NNN Lease
  • Investment Grade Tenant | 17,000 + Locations

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new 9,100 SF upgraded Dollar General located in Box Springs (Columbus MSA), GA • This store is currently under construction and scheduled for delivery in August 2021 COLUMBUS MSA • This Dollar General is located 25 miles East of Columbus off Highway 80 (8,250 VPD) • Columbus is the county seat of Muscogee County and is the third largest city in the State of Georgia with a population of 195,769. • Columbus is home to multiple universities and colleges including Columbus State University (8,307 Students), Columbus Technical College (4,700 Students), Georgia Military College (8,812 students), and more. • The Columbus Airport sees over 51,000 passengers per year and supports 23,658 aircraft operations annually. • The city’s key industries include aerospace, automotive, biosciences, defense, manufacturing, technology and tourism FORT BENNING • Fort Benning is located in Columbus and is the fifth largest U.S. Military base with over 120,000 military personnel and families. • The annual economic impact of Fort Benning is more than $4.75 Billion. • Fort Benning is the home of the United States Army Maneuver Center of Excellence, the United States Army Armor School, United States Army Infantry School, and many other tenant units. 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

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