Dollar General Stockbridge, GA | FOR SALE

Description:

DESIRABLE MARKET – ATLANTA, GA MSA ADVANTAGE
• Extremely dense residential market: Over 34,985 people within a 3-mile radius and over 88,296 people within a 5-mile radius; two high schools within a 10-minute drive with a population of over 2,500 students and staff.
• The subject property is strategically located on N. Henry Boulevard with traffic counts of approximately 16,600 vehicles per day.
• The site is within close proximity to State Highway 138 (42,800 VPD) and Eagles Landing Parkway (29,980 VPD) which are two primary thoroughfares traveling through the town of Stockbridge. The asset is positioned with easy access to multiple major retail corridors.
• Stockbridge is less than 25 miles from Atlanta and is part of the Atlanta, GA MSA, the 5th largest MSA in the United States.
• New construction: The Bridges at Jodeco, a 158-acre mixed-use development in Henry County Georgia, located off I-75. Featuring best- in-class grocery, shopping, dining, and entertainment along with new multi-family units, townhomes, and senior living. National retail tenant mix includes Costco, Sprouts, first-ever multi story Chick-fil-A, Starbucks, Chipotle, Whataburger, and Valvoline. Over 850 multifamily developments are currently under construction which includes apartments, townhomes, and senior housing.
• Major Industrial Distribution Market: Over 2.2 MM SF of Class A industrial warehouses with major retailers that include Dollar General, Carter’s and Goodyear.
• Close proximity to robust medical center: Sitting just 7 minutes away from Piedmont Henry Hospital, which is recognized as a 5-star hospital by the Georgia Department of Public Health in 2016, Piedmont Henry is a 259-bed with more than 1,600 employees and medical staff with over 700 physicians

TENANT & LEASE STRUCTURE
• Dollar General has an investment grade bond rating of ‘BBB/Stable’ by Standard & Poor’s.
• The lease is corporately guaranteed and is NN with landlord responsibilities limited to the roof, parking lot, structure, and HVAC.
• Fundamental base rent of $9.44 PSF.
• The base term currently has nine (9) years left after a recent early lease extension form Dollar General which demonstrate their commitment to this site.

CATEGORY LEADING TENANT
• Dollar General operates over 20,000 convenient, easy-to-shop stores in 48 states
• Dollar General is expected to complete 2,385 real estate-related projects this year. That includes opening 800 more new stores, remodeling 1,500 locations, and relocating 85 stores.
• Company rankings & accolades
• #108 on the Fortune 500 list for 2023
• Fortune’s most admired companies (2020, 2022, 2023)
• #393 on the Fortune 500 Global (2023)
• #17 on the National Retail Federations’ Top 100 Retailers List (2023)
• #22 on Brand Finance's Retail Report (2023)

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