Dollar General | Forest City NC

Highlights:

• Security of a multibillion dollar company.
• Superior Location.
• Strong Demographics, past, present and future.
• Proven Track Record.
• Good current Return and significant upside.
• An investment that makes a lot of Sense (Cents).

Description:

The Dollar General is located in Forest City, which is in the middle of Rutherford County which has a Population of 67,800. The population will increase to 74,100 in the next 10 years.

It is a beautiful mountainous area that is Strategically Located less than an hour away from 4 Major Cities. With a low cost of living. Which is probably why its Population has Increased by 25% since 1980.

Commerce wise it is very Diversified. It recently had 2 Industries Open, and expecting Many More. They virtually have run out of housing, so they are in the process of building a 200 unit apartment complex.

Beauty, Location and Diversified. Which adds up to a Robust Economy and a Strong Attraction for an Increase in Population.

Security, Location, Demographics, Track Record, Upside.

The Dollar General is located in Forrest City, North Carolina, at the Apex of Highways 3213 and 2375. Which gives it a combined Frontage of 1075 Feet. There is a total Traffic Count of over 8,500.

A Dollar General representative stated that the Sales for this store were very Strong.

At a price of $1,087,000, it is a low price point. At an asking Cap Rate of 7.5% with 10% increases every 5 years. You start with a reasonable return plus good upside.

As you can see from the Demographics. There is a population of 857 in a 1 Mile Radius, 8,977 in a 3 Mile Radius and 23,670 in a 5 Mile Radius. Which is considered very strong, compared to most of the Dollar General locations.

With Forrest City strategically located between 4 major cities, and with a low cost of living. It is understandable why the area has Increased in Population by 25% since 1980.

Then with the Diversification of the Commerce. It is reasonable to assume that Dollar General’s Customers will continue to Increase.

The person in charge of the Chamber of Commerce said that the Dollar General stores are Very Busy and feels that the Area Needs More of Them.

Dollar General has been in business since 1939, has Over 16,500 Locations and has a net worth of over 47 Billion. It’s COVID-19 Proof. In fact, their sales increased over 25% and they hired 50,000 more employees.

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