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Dollar General (Savannah)

TBD S Coastal Hwy, Port Wentworth, GA 31407

Listing Price: $1,911,000

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
15.30
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.60

Investment Overview

NEW UPGRADED CONSTRUCTION STORE • New Build-to-Suit Dollar General located in Port Wentworth (Savannah), GA. • This store has 2 sided upgraded construction and is scheduled for delivery in December 2020. SAVANNAH • Port Wentworth is located 8 miles Northwest of downtown Savannah, GA. • 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 Personnel) and Savannah College of Art & Design (13,000 students) and Georgia Southern University-Armstrong Campus (5,278 students). • Savannah is the county seat of Chatham County. ADJACENT TO SAVANNAH PORT & AIRPORT • Located on GA 25 (5,220 VPD), less than a mile East of GA 21 (32,100 VPD) and 5 miles East of I-95 (92,400 VPD). • This store is located less than 2 miles West of the Port of Savannah which creates 350,000 jobs and does over $66 billion in annual sales. • The property is located 4 miles East of Savannah/Hilton Head International Airport, which is GA’s second largest airport with 3,021,077 commercial passengers annually. • Nearby national retailers include Food Lion, CVS, McDonald’s, Walgreens, O’Reilly’s and more. • The 5 mile population has experienced a 29.11% population growth and has an average household income of $64,583. 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, 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 16,500 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

  • New Upgraded Construction | Delivery Dec 2020
  • Savannah is 5th Largest City in GA
  • Adjacent To Savannah Port & Airport
  • Brand New 15-Year NNN Lease
  • Investment Grade Tenant | 16,500 + Locations

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

Listing Price: $1,911,000

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
15.30
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.60

Investment Highlights

  • New Upgraded Construction | Delivery Dec 2020
  • Savannah is 5th Largest City in GA
  • Adjacent To Savannah Port & Airport
  • Brand New 15-Year NNN Lease
  • Investment Grade Tenant | 16,500 + Locations

Investment Overview

NEW UPGRADED CONSTRUCTION STORE • New Build-to-Suit Dollar General located in Port Wentworth (Savannah), GA. • This store has 2 sided upgraded construction and is scheduled for delivery in December 2020. SAVANNAH • Port Wentworth is located 8 miles Northwest of downtown Savannah, GA. • 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 Personnel) and Savannah College of Art & Design (13,000 students) and Georgia Southern University-Armstrong Campus (5,278 students). • Savannah is the county seat of Chatham County. ADJACENT TO SAVANNAH PORT & AIRPORT • Located on GA 25 (5,220 VPD), less than a mile East of GA 21 (32,100 VPD) and 5 miles East of I-95 (92,400 VPD). • This store is located less than 2 miles West of the Port of Savannah which creates 350,000 jobs and does over $66 billion in annual sales. • The property is located 4 miles East of Savannah/Hilton Head International Airport, which is GA’s second largest airport with 3,021,077 commercial passengers annually. • Nearby national retailers include Food Lion, CVS, McDonald’s, Walgreens, O’Reilly’s and more. • The 5 mile population has experienced a 29.11% population growth and has an average household income of $64,583. 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, 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 16,500 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

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

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