Overview

Description

• Dollar General recently signed a brand new 10-year lease with 2 (5-year) options to extend
• This is a new remodel of an in-fill pharmacy with an updated HVAC system installed summer 2023
• The lease is signed by Dolgencorp, LLC, a wholly-owned subsidiary of Dollar General Corporation which is the largest discount retailer in America with nearly 20,000 locations across the country
• Dollar General has recently relocated (relo) to the subject property for better visibility, access, and the additional advantages of the prominent corner parcel.
• Tenant pays for CAM, taxes, and maintains most aspects of the premises
• Investor benefits from fee simple ownership of the building and land
• Landlord responsibilities limited to roof, structure, and foundation
• Ideal, low-management investment for a passive investor
• Dollar General Stores is an American chain of variety stores that has become one of the most profitable stores in the rural United States with revenue reaching $34.22 billion
• The company has opened 1,050 new stores across the U.S. in 2022, expanding its presence to 47 states throughout the country

• Dollar General is strategically located at the signalized intersection of W Main Street and Rosser Ave averaging 48,000 VPD
• Ideally positioned 3 miles from I-64 (43,000 VPD), allowing customers to benefit from direct on/off ramp access
• The immediate trade area is supported by surrounding retailers such as Planet Fitness, Kroger, Ross, a newly built Walmart Neighborhood Market, and more
• Right next to Waynesboro High School (837-students), providing a direct consumer base from which to draw
• The asset has excellent visibility via street frontage providing ease and convenience for customers
• More than 36,000 residents and 20,000 employees support the trade area
• $82,947 average household income

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