LEASE & LOCATION:

• 2023 build-to-suit construction for Dollar General
• 15-Year absolute NNN lease (commencement of January 2023)
• 5% rental increases every 5-years for the life of the lease
• Dollar General MARKET stores are DG’s grocery store concept with an expanded section for consumables
• 83,824 residents located within a 10-mile radius
• Zero landlord management responsibilities
• Average household income of $98,986 (considered to be Dollar General’s “sweet-spot”)
• Larger 1.50 AC lot
• Killen is located Northern AL just 1-mile south of the Tennessee border and 70-miles East of Huntsville

 

TENANT:

• Dollar General boasts an investment grade credit rating of BBB (S&P)
• Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
• Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future