Overview

Description

SULLIVAN WICKLEY is pleased to exclusively market for sale a single tenant, newly constructed net leased Dollar General property located in Ellijay, GA. Ellijay is a historic North GA town that sits at the foothills of the Blue Ridge mountains. Ellijay is a popular tourist destination for the state parks, hiking, camping, and beautiful scenery. Ellijay is also known as the Apple capital of Georgia and a popular destination for many weekend tourist during Apple season.

The 10,640 square foot freestanding Dollar General is DG’s newest prototype and strategically located along GA 282 which is the primary east and west thoroughfare between Chatsworth and downtown Ellijay. This Dollar General is being delivered in April 2022 and has a full 15-year initial term. The lease features 10% rental escalations in each of the five (5) / 5-year renewal option periods. This is a true NNN lease structure with no landlord responsibilities. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB and a Moody’s rating of Baa2.

BRAND NEW 2022 CONSTRUCTION
• Build to Suit Construction
• Upgraded Brick Façade
• Large 4.5 acre parcel
• Freestanding Dollar General Store

PRIME LOCATION WITH BARRIER TO ENTRY
• Main Thoroughfare with excellent visibility and easy access
• Located off GA-282 approximately 5,060+ Vehicles Per Day
• Limited Surrounding Competition with the closest DG being 9+ miles away
• Extreme surrounding Topo creating high barrier to entry for future competition and lowering risk of DG relocation in the future

DOLLAR GENERAL CORPORATE LEASE
• This is a true NNN lease structure
• 10% Increases in each of the Options
• Five (5) – Five (5) Year Option Periods with 10% Rental Increases

E-COMMERCE RESISTANT TENANT
• Financially Strong Tenant with Long Term Lease
• Dollar General (NYSE: DG) Features Investment Grade Credit (S&P: BBB)
• Ranked #91 on the Fortune 500 List

OFFERED FREE AND CLEAR
• Dollar General is being offered free and clear of existing debt

EXCELLENT DEMOGRAPHICS
• Gilmer County Average Household Income exceeds $71,790 Within a 3- Mile Radius of Site
• Population Over 27,000+ Within 10 Miles

CLOSE PROXIMITY TO NEW COMMUNITY AND STATE PARKS
• Carter’s Lake is approx. .7 miles from site
• Conveniently located approximately 15 miles to Fort Mountain State Park
• New 10 home Lake Community being Developed .25 miles south of site

Documents

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