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Dollar General (Rome MSA)

TBD US Hwy 27, Rome, GA 30105

Listing Price: $1,918,000

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
15.6
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.46

Investment Overview

NEW UPGRADED DOLLAR GENERAL PLUS STORE • Brand new 10,640 SF build to suit Dollar General Plus located in Armuchee (Rome MSA), GA. • Dollar General Plus locations are larger than traditional Dollar General stores and have more coolers/freezers to keep more perishable items in stock. • This store has upgraded construction and is scheduled for delivery in January 2022. ROME MSA • This Dollar General is located 10 miles North of Rome on Highway 27 (20,000 VPD). • Rome is the largest city in Northwest GA with a population of 36,332 and is the county seat of Floyd County. • National Retailers include: Lowe’s Home Improvement, Publix, Sam’s Club, Kroger, Mount Berry Mall, Walmart, Hobby Lobby and more. • Rome has long had the strength of economic diversity, with an economy founded in manufacturing, education, healthcare, technology, tourism, and other industries. • Rome is also well known in the region for its medical facilities, particularly Floyd Medical Center (304 Beds), Redmond Regional Medical Center (230 Beds), Harbin Clinic (120 Beds) and more. • Home to multiple colleges and universities including Georgia Northwestern Technical College (5,837 Students), Shorter University (3,702 Students), Berry College (1,943 Students) and more. HIGH TRAFFIC LOCATION • The subject property is well located on Highway 27 that sees 20,000 VPD. • Located approximately 20 min West of I-75 (56,000 VPD) that connects Atlanta and Chattanooga. • Less than 3 miles from Richard B. Russel Airport that supports over 36,000 aircraft operations per year. • Surrounded by multiple schools including Armuchee Elementary School (392 Students), Armuchee Middle School (422 Students) and Armuchee High School (523 Students). 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 five, 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 17,266+ 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 Dollar General Plus | Delivery Jan 2022
  • Rome MSA Location | Largest City In NW GA
  • High Traffic Location (20,000 VPD)
  • 15-Year NNN Lease
  • Investment Grade Tenant 17,266 + Locations

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Dollar General (Rome MSA)

Listing Price: $1,918,000

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
15.6
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.46

Investment Highlights

  • New Upgraded Dollar General Plus | Delivery Jan 2022
  • Rome MSA Location | Largest City In NW GA
  • High Traffic Location (20,000 VPD)
  • 15-Year NNN Lease
  • Investment Grade Tenant 17,266 + Locations

Investment Overview

NEW UPGRADED DOLLAR GENERAL PLUS STORE • Brand new 10,640 SF build to suit Dollar General Plus located in Armuchee (Rome MSA), GA. • Dollar General Plus locations are larger than traditional Dollar General stores and have more coolers/freezers to keep more perishable items in stock. • This store has upgraded construction and is scheduled for delivery in January 2022. ROME MSA • This Dollar General is located 10 miles North of Rome on Highway 27 (20,000 VPD). • Rome is the largest city in Northwest GA with a population of 36,332 and is the county seat of Floyd County. • National Retailers include: Lowe’s Home Improvement, Publix, Sam’s Club, Kroger, Mount Berry Mall, Walmart, Hobby Lobby and more. • Rome has long had the strength of economic diversity, with an economy founded in manufacturing, education, healthcare, technology, tourism, and other industries. • Rome is also well known in the region for its medical facilities, particularly Floyd Medical Center (304 Beds), Redmond Regional Medical Center (230 Beds), Harbin Clinic (120 Beds) and more. • Home to multiple colleges and universities including Georgia Northwestern Technical College (5,837 Students), Shorter University (3,702 Students), Berry College (1,943 Students) and more. HIGH TRAFFIC LOCATION • The subject property is well located on Highway 27 that sees 20,000 VPD. • Located approximately 20 min West of I-75 (56,000 VPD) that connects Atlanta and Chattanooga. • Less than 3 miles from Richard B. Russel Airport that supports over 36,000 aircraft operations per year. • Surrounded by multiple schools including Armuchee Elementary School (392 Students), Armuchee Middle School (422 Students) and Armuchee High School (523 Students). 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 five, 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 17,266+ 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.

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