Dollar General | Chattanooga MSA | 5714 Martha Berry hwy
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Dollar General | Chattanooga MSA 5714 Martha Berry hwy
10,640 SF Retail Building Rock Spring, GA 30739 $3,532,335 CAD ($332 CAD/SF) 6.60% Cap Rate
Investment Highlights
- New upgraded construction Dollar General
- Less than 2 miles from Georgia Northwestern College
- Chattanooga MSA | 4th Largest City in TN
- 15 Yr NNN Corporate Lease with 5% bumps in Initial lease & options
- Adjacent to New 135 Home subdivision development
- Investment Grade Tenant (S&P: BBB) w/ 20,000 Locations+
Executive Summary
NEW UPGRADED CONSTRUCTION DOLLAR GENERAL
• Brand new 10,640 SF upgraded construction Dollar General located in Rock Spring, GA
• This store is currently scheduled for delivery in November of 2024.
15 YR NNN CORPORATE LEASE WITH 5% BUMPS IN INITIAL LEASE & OPTIONS
• This property features 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, parking lot, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.
• There are 100% no landlord responsibilities
LESS THAN 2 MILES FROM GEORGIA NORTHWESTERN COLLEGE
• The subject property is located on Highway 27 (16,300 VPD) less than 2 miles from Georgia Northwestern
Technical College (13,734 students).
ADJACENT TO NEW 135 HOME SUBDIVISION DEVELOPMENT
• The subject property is located 1.5 miles from the Laurel Ridge subdivision.
• This subdivision, which will feature 135 brand new two-story homes, is currently under construction and is scheduled to deliver in September 2024.
CHATTANOOGA MSA | 4TH LARGEST CITY IN TN
• This Dollar General is located 18 minutes south of downtown Chattanooga on Highway 27 (16,300 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 (S&P:BBB) W/ 20,000+ LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 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.
• Brand new 10,640 SF upgraded construction Dollar General located in Rock Spring, GA
• This store is currently scheduled for delivery in November of 2024.
15 YR NNN CORPORATE LEASE WITH 5% BUMPS IN INITIAL LEASE & OPTIONS
• This property features 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, parking lot, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.
• There are 100% no landlord responsibilities
LESS THAN 2 MILES FROM GEORGIA NORTHWESTERN COLLEGE
• The subject property is located on Highway 27 (16,300 VPD) less than 2 miles from Georgia Northwestern
Technical College (13,734 students).
ADJACENT TO NEW 135 HOME SUBDIVISION DEVELOPMENT
• The subject property is located 1.5 miles from the Laurel Ridge subdivision.
• This subdivision, which will feature 135 brand new two-story homes, is currently under construction and is scheduled to deliver in September 2024.
CHATTANOOGA MSA | 4TH LARGEST CITY IN TN
• This Dollar General is located 18 minutes south of downtown Chattanooga on Highway 27 (16,300 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 (S&P:BBB) W/ 20,000+ LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,640 SF
Building Class
B
Year Built
2024
Price
$3,532,335 CAD
Price Per SF
$332 CAD
Cap Rate
6.60%
NOI
$233,134 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.43 AC
Zoning
R2
Amenities
- Pylon Sign
- Wheelchair Accessible
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Dollar General | Chattanooga MSA | 5714 Martha Berry hwy
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