Dollar General | Rent Increases in Initial Lease

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TBD McFarland Ave
Fort Oglethorpe, GA

Price: $2,761,000

Cap: 6.35%

NOI: $175,284

Building Size: 12,688 SF

Lot Size: 2.45 AC

Investment Highlights

15 YR NNN “NEXT GEN” DG LEASE WITH 5% BUMPS IN INITIAL

LEASE & OPTIONS

• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.

• The subject property is a 12,688 SF DG Market which is about 2,000 SF larger than the traditional Dollar General footprint. This store is scheduled to deliver in July 2024

• DG Market is a combo store with fresh produce, milk, meats, and other groceries added to Dollar General’s usual mix of low-price general merchandise.

• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.

• There are 5% rent increases in each of the five, 5-year option periods.

5 MILE POPULATION: 87,328

• The subject property is surrounded by 87,328 people in a 5-mile radius, which is far superior to most Dollar General locations.

2 MILES FROM A PRIMARY RETAIL CORRIDOR

• The subject property is located on Hwy 2 (31,700 VPD) only 2 miles from a retail corridor with Home Depot, Lowe’s Home Improvement, Hobby Lobby, Walmart, and more.

CHATTANOOGA SUBURB | 4TH LARGEST CITY IN TN

• This Dollar General is located 15 minutes south of downtown Chattanooga on Hwy 2 (31,700 VPD).

• Chattanooga is the fourth largest city in Tennessee with a population of over 170,000 people.

• Chattanooga is one of the South’s top travel destinations, with The New York Times naming Chattanooga one of the “Top 45 Places to Go.”

• 3 million tourists visit Chattanooga annually and contribute $1.16 Billion to the economy.

• Major industries that drive the economy include automotive, advanced manufacturing, food and beverage production, healthcare, insurance, tourism, and back office and corporate headquarters.

• Chattanooga’s affordable cost of living with one of the area’s lowest tax rates as well as the Volkswagen plant has boosted the area’s labor force.

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 19,725 locations and plans to open 800 stores in 2024.

• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Don McMinn

678-808-2762 | EMAIL >

OFFERING MEMORANDUM

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