940 Cokey Rd, Rocky Mount, NC 27801

STRONG TENANT

Dollar General Corporation (NYSE: DG, S&P: BBB) is the nation’s largest small-box discount retailer. The Goodlettsville, Tennessee-based chain has 20,500+ stores across 48 states and Mexico and employs over 185,000 people. The tenant under the lease—Dolgencorp, LLC—is a wholly-owned subsidiary of Dollar General Corporation. Dollar General reported TTM net sales of $40.2 billion, TTM net income of $1.34 billion, and total assets of $31.46 billion as of November 1, 2024. The larger DG Market format serves as a one-stop shop for customers, offering a broad range of grocery options alongside general merchandise.

NNN LEASE WITH CORPORATE GUARANTY

Dollar General’s NNN lease features a corporate guaranty from Dollar General Corporation and ±13.4 years of primary term remaining with a 5% rent increase every 5 years throughout the initial term and in each of the five, 5-year renewal options.

EXCELLENT ACCESS & VISIBILITY

Positioned less than 50 miles east of downtown Raleigh, the site is positioned along Cokey Road (5,400 VPD), where it is 2.5 miles from US Highway 64 (28,500 VPD).

RETAIL & COMMERCIAL CORRIDOR

In total, there are 2.2 MSF of retail, 1.5 MSF of office, 4.6 MSF of industrial and 1,456 multi-family units within a 3-mile radius of the site. Major traffic drivers in the surrounding area include Food Lion, Roses Discount Store, DS Johnson Elementary School, Fairview Elementary School, State Employees’ Credit Union, and McDonald’s.

ROCKY MOUNT, NC MSA

The Rocky Mount, NC MSA (Population: 143,430) encompasses Nash and Edgecombe counties, offering a blend of rural and urban characteristics in eastern North Carolina. Top employment industries include healthcare, with numerous hospitals and related services; manufacturing, particularly textiles and food processing; and government, encompassing local, state, and federal agencies. Its strategic location along US Highway 64 and Interstate 95 makes it an ideal spot for businesses looking to connect.