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Dollar General

12977 Franklin Turnpike, Chatham (Danville MSA), VA 24531

Listing Price: $1,292,000

Cap Rate
6.80%
Tenant Name
Dolgencorp, Inc. d/b/a Dollar General
Years Remaining On Lease
11.70
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.65

Investment Overview

FUNDAMENTAL INVESTMENT & LEASE STRUCTURE - Corporately guaranteed by Dollar General - Built-to-suit construction completed in 2017 - True NNN lease – no LL responsibilities - Large ±1.82 acre parcel - Prototypical 9,100 SF building - Low rent/SF <$10 - 10% rental increase each option - ±12 years remaining on base term with five, 5-year renewal options BEST-IN-CLASS TENANT - Investment grade credit rating of BBB/Stable (S&P) - 2019 financials: $27.75 B in revenue & net worth of $6.7 B - Revenue and net income growth year-over-year since 2013 - DG operates 15,500+ stores across 44 states - Ranked #119 on the Fortune 500 list for 2019 - Included on Fortune's 2020 World's Most Admired Companies List DOLLAR GENERAL'S COVID RESILIENCE - Recession-resistant tenant - Dollar General is considered one of the top "all weather" investment opportunities per Raymond James - Q1 financial results: › Sales grew 27.6% YoY to $8.45 B (analyst expectation of $7.61 B) › Same-store sales grew 21.7% › EPS grew 73% YoY › Top line growth and improved margins drove company's earnings

Investment Highlights

  • True NNN lease – no LL responsibilities
  • Low rent/SF <$10
  • ±12 years remaining on base term with five, 5-year renewal options
  • Corporately guaranteed by Dollar General
  • Built-to-suit construction completed in 2017 on large ±1.82 acre parcel
  • Recession-resistant tenant

Exclusively Listed By

  • Sonny Molloy

    Senior Vice President Investments

    (678) 808-2763

    Email Sonny

    License(s): GA: 249161, NC: 262596

    Atlanta

  • Jared M. Kaye

    First Vice President Investments

    Email Jared

    License(s): GA: 348701, FL: SL3224428

    Atlanta

Listing Price: $1,292,000

Cap Rate
6.80%
Tenant Name
Dolgencorp, Inc. d/b/a Dollar General
Years Remaining On Lease
11.70
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.65

Investment Highlights

  • True NNN lease – no LL responsibilities
  • Low rent/SF <$10
  • ±12 years remaining on base term with five, 5-year renewal options
  • Corporately guaranteed by Dollar General
  • Built-to-suit construction completed in 2017 on large ±1.82 acre parcel
  • Recession-resistant tenant

Investment Overview

FUNDAMENTAL INVESTMENT & LEASE STRUCTURE - Corporately guaranteed by Dollar General - Built-to-suit construction completed in 2017 - True NNN lease – no LL responsibilities - Large ±1.82 acre parcel - Prototypical 9,100 SF building - Low rent/SF <$10 - 10% rental increase each option - ±12 years remaining on base term with five, 5-year renewal options BEST-IN-CLASS TENANT - Investment grade credit rating of BBB/Stable (S&P) - 2019 financials: $27.75 B in revenue & net worth of $6.7 B - Revenue and net income growth year-over-year since 2013 - DG operates 15,500+ stores across 44 states - Ranked #119 on the Fortune 500 list for 2019 - Included on Fortune's 2020 World's Most Admired Companies List DOLLAR GENERAL'S COVID RESILIENCE - Recession-resistant tenant - Dollar General is considered one of the top "all weather" investment opportunities per Raymond James - Q1 financial results: › Sales grew 27.6% YoY to $8.45 B (analyst expectation of $7.61 B) › Same-store sales grew 21.7% › EPS grew 73% YoY › Top line growth and improved margins drove company's earnings

Exclusively Listed By

  • Sonny Molloy

    Senior Vice President Investments

    (678) 808-2763

    Email Sonny

    License(s): GA: 249161, NC: 262596

    Atlanta

  • Jared M. Kaye

    First Vice President Investments

    Email Jared

    License(s): GA: 348701, FL: SL3224428

    Atlanta

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