Dollar General

Build-to-Suit Construction: 2016 build-to-suit construction for Dollar General.
Upgraded Store Design: Upgraded construction store with concrete block façade along each of the sides of the building (not a prototypical metal store).
Absolute NNN Lease: Absolute NNN lease structure with no landlord responsibilities.
Prime MSA Location: Located within the Myrtle Beach MSA, which is home to more than 536,165 residents.
Tourist Destination: Myrtle Beach is an extremely popular tourist destination with an estimated 18.2 million visitors annually.
Lease Term Remaining: ±5.5 years remaining on an original 15-year primary lease term.
Affluent Demographics: Affluent demographics with an average household income of $94,215 annually.
Strong Population Growth: Estimated population growth of 19.71% over the next 5 years.
High Traffic Intersection: Located at the intersection of Highway 17 & Hickman Rd with traffic counts in excess of 32,966 vehicles daily.
Large Parcel & Building: ±9,100 SF freestanding building situated on a large ±4.06-acre parcel.
Rental Increases: Attractive 10% rental increase in each of the four, 5-year option terms.
Investment Grade Tenant: Leased to Dollar General Corporation, rated BBB by S&P (investment-grade).
National Retailer: National retailer with over 21,000 locations and active growth strategy.
Essential Business: Designated essential business, demonstrating operational resilience and profitability during and beyond the COVID-19 period.

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Kyle Matthews