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Dollar General (Atlanta MSA)

4 Walnut Grove Rd SE, Cartersville, GA 30120

Listing Price: $1,441,000

Cap Rate
5.65%
Tenant Name
Dollar General
Years Remaining On Lease
7.8
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$158.35
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.94

Investment Overview

ATLANTA MSA LOCATION • Cartersville is located near I-75 (93,500 VPD) approximately 45 minutes northwest from Atlanta and is part of the Atlanta MSA. • Cartersville is the County Seat of Bartow County which is home to 140 diverse industries such as Shaw Industries Group, Inc, Toyo Tire, Anheuser-Busch, and Americo Manufacturing. • There are over 30 colleges in a 40-mile radius, including Chattahoochee Technical College, and Georgia Highlands College that each have campuses in Cartersville- Bartow County. • Home to Cartersville Medical Center and The Hope Center, making it a minor healthcare hub for the surrounding area. NEAR I- 75 (9 3,500 V PD) • This Dollar General sits on Hwy 113 (16,100 VPD) less than 3.5 miles away from I-75 (93,500 VPD). • Surrounding national retailers include Kroger, Target, Publix, CVS, McDonald’s, Chick-Fil-A, Zaxby’s and more. • The 5-mile population for this store is 43,082 and average HHI is $70,222 which is superior to most Dollar General locations. • Less than 7 miles away from LakePoint Sports, Welcoming millions of visitors annually, LakePoint is the largest and most unique travel sports park in the Southeast. UPGRADED C ONSTRUCTION DOLL AR GENERAL • The subject property is a 9,100 SF upgraded Dollar General with 4 sided cementitious board and batten with a brick wainscot. • There are over 7 years remaining on an original 15 year corporate NNN lease. • 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 17,500 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

  • Upgraded Construction Dollar General
  • Atlanta MSA Location
  • Near Interstate 75 (93,500 VPD)
  • 5-Mile Pop 43,082 | AVG HHI $70,222

Exclusively Listed By

Listing Price: $1,441,000

Cap Rate
5.65%
Tenant Name
Dollar General
Years Remaining On Lease
7.8
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$158.35
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.94

Investment Highlights

  • Upgraded Construction Dollar General
  • Atlanta MSA Location
  • Near Interstate 75 (93,500 VPD)
  • 5-Mile Pop 43,082 | AVG HHI $70,222

Investment Overview

ATLANTA MSA LOCATION • Cartersville is located near I-75 (93,500 VPD) approximately 45 minutes northwest from Atlanta and is part of the Atlanta MSA. • Cartersville is the County Seat of Bartow County which is home to 140 diverse industries such as Shaw Industries Group, Inc, Toyo Tire, Anheuser-Busch, and Americo Manufacturing. • There are over 30 colleges in a 40-mile radius, including Chattahoochee Technical College, and Georgia Highlands College that each have campuses in Cartersville- Bartow County. • Home to Cartersville Medical Center and The Hope Center, making it a minor healthcare hub for the surrounding area. NEAR I- 75 (9 3,500 V PD) • This Dollar General sits on Hwy 113 (16,100 VPD) less than 3.5 miles away from I-75 (93,500 VPD). • Surrounding national retailers include Kroger, Target, Publix, CVS, McDonald’s, Chick-Fil-A, Zaxby’s and more. • The 5-mile population for this store is 43,082 and average HHI is $70,222 which is superior to most Dollar General locations. • Less than 7 miles away from LakePoint Sports, Welcoming millions of visitors annually, LakePoint is the largest and most unique travel sports park in the Southeast. UPGRADED C ONSTRUCTION DOLL AR GENERAL • The subject property is a 9,100 SF upgraded Dollar General with 4 sided cementitious board and batten with a brick wainscot. • There are over 7 years remaining on an original 15 year corporate NNN lease. • 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 17,500 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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