15 YR NNN “NEXT GEN” DG LEASE WITH 5% BUMPS IN INITIAL LEASE & OPTIONS
• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.
NEW CONSTRUCTION DG MARKET
• The subject property is a 12,480 SF DG Market which is about 2,000 SF larger than the traditional Dollar General footprint.
• DG Market is a combo store with fresh produce, milk, meats, and other groceries added to Dollar General’s usual mix of low-price general merchandise.
• This store sits on 1.95 acres and commenced rent in July 2024.
WINSTON-SALEM MSA | 2ND LARGEST CITY IN THE PIEDMONT TRIAD REGION
• This Dollar General is located in Denton, NC 40 miles South of downtown Winston-Salem and is part of the Winston-Salem MSA.
• Winston-Salem is the second-largest municipality in the Piedmont Triad region and the fifth most populous city in North Carolina with a population of 247,945.
• The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S. and includes Greensboro, Winston-Salem and Highpoint, NC.
• Winston-Salem is home to the corporate headquarters of BB&T, HanesBrands, Inc., Krispy Kreme, Lowes Food Stores, and many more.
• Winston-Salem is home to 6 colleges and universities including Wake Forest University (8,789 Students) which ranks in the top 30 for national universities.
• Medical research is a fast-growing local industry, and Wake Forest Baptist Medical Center is the largest employer in Winston-Salem.
• Home to Smith Reynolds Airport which supports an average of 117 aircraft operations per day and hosts the Winston-Salem Air Show which draws over 20,000 spectators.
INVESTMENT GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.