LEASE & LOCATION:

• 2024 build-to-suit construction for Dollar General
• Upgraded brown brick exterior façade
• 15-Year absolute NNN lease (commencement of February 2024)
• 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
• RELOCATION STORE from a previously existing store within the market
• Relo-Stores confirm that the tenant has an established customer base and the store is doing a large sales volume
• 73,727 residents located within a 10-mile radius
• Zero landlord management responsibilities
• Average household income of $75,198 (considered to be Dollar General’s “sweet-spot”)
• Large ±1.76 Acre lot

 

TENANT:

• Dollar General Market is a division of Dollar General Corporation (NYSE: DG), a Fortune 500 company with an investment-grade credit rating (BBB).
• 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