DOLLAR GENERAL
Dollar General (NYSE: DG) is the largest (by store count) small box discount retailer in the United States.
Dollar General has a total store count of more than 19,000 with more than 1,000 new store openings in 2023 and 800
New Stores scheduled for 2024 - Indication of Tenant’s Commitment to store efficiency and growth in sales.
Dollar General is one of few Net Lease Retailers within the industry that are combined corporately guaranteed and a healthy credit rating making it a perfect tenant to gain safe leverage. Dollar General is a BBB credit rating by Standard & Poor agency.
Dollar General’s strategy is to be th “Walmart” of small towns or provide hassle-free experience to customers by providing a carefully crafted assortment of the most popular brands to the consumer.
Dollar General is a strong company financially with a 10.6% increase in net sales boasting a total sales of more than $40 Billion (2023) and a same store growth of 4.3%.
LOCAL MARKET
ANDALUSIA, AL
The real estate market in Andalusia, Alabama, presents a compelling investment opportunity bolstered by its stable economic environment and promising growth trajectory. With a population of approximately 8,500 residents, Andalusia offers a blend of urban amenities and small-town charm, making it an attractive destination for both residents and investors alike. Over the past year, the median home price in Andalusia has seen a notable increase of 5.7%, reaching $134,500, according to recent data from the Andalusia Board of Realtors. This upward trend reflects the city’s resilience and desirability within the housing market, providing investors with confidence in their potential returns. Additionally, Andalusia’s strategic location along major transportation arteries, including Highway 84 and Interstate 65, enhances its appeal, facilitating easy access to regional markets and bolstering commercial real estate prospects. Overall, Andalusia’s real estate landscape showcases steady appreciation and ample opportunities for investors seeking long-term value and stability in the thriving Alabama market.
COVINGTON COUNTY
Sitting at the heart of southern Alabama, Covington County showcases a real estate landscape teeming with diversity and investment prospects. Home to approximately 37,000 residents, the county harmoniously blends rural serenity with suburban convenience, catering to a wide array of housing preferences. Recent data from the Covington County Association of Realtors unveils a buoyant market, with the median home price demonstrating a steady increase of 4.3% over the past year, now resting at $128,000. This upward trajectory underlines the county’s resilience and allure for both home-buyers and investors seeking robust returns. Covington County’s strategic location, intersected by vital arteries like US-84 and US-331, enhances its connectivity and accessibility, further augmenting its appeal for residential and commercial development. Notably, Andalusia, AL, serves as the county seat, adding to the area’s prominence and potential as an investment destination. With a promising economic outlook and a diverse inventory of properties, Covington County presents an enticing opportunity for investors poised to capitalize on the dynamic real estate market of southern Alabama.