NNN Dollar General Store
2906 Mentor Rd | Louisville, TN
Sq. Feet 74,923
NEW CONSTRUCTION - Brand New 9,100 SF Build to Suit Dollar General in statenville, GA. Scheduled delivery January 2017.
LONG TERM CORPORATE ABSOLUTE NNN LEASE - The subject property has a brand new 15-year Corporate Guaranteed Lease with Dollar General. TheTenant is 100% responsible for all expenses, including roof, structure, taxes, insurance and commonarea maintenance.
INVESTMENT GRADE TENANT - Dollar General is publically traded (NYSE: DG) and operates over 13,000 locations nationwide with a net worth of over four billion. Dollar General is opening 900 locations this year and currently holds an investment grade credit rating of BBB-/Stable with S&P.
VALDOSTA MSA - The property is well located near Valdosta, I-75 and the Georgia/Florida state line. Valdosta is Georgia's14th largest city and is the economic engine of South Georgia and North Florida. The Valdosta Metropolitan Statistical Area includes Brooks, Echols, Lanier and Lowndes Counties. The area hasgrown over 13% since 2000. It is home to Moody's Air Force Base and Valdosta State University.
Cap Rate: 6.60% NOI: $79,650 Livable Sq. Ft: 9,100
Built in 2017 1 Retail units Lot Sq. Ft: 44,866