Dollar General | Piedmont Triad MSA
Retail | 6.50% CAP | 10,640 SqFt
Investment highlights
15 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM
• The subject property has a new corporate guaranteed NNN lease with 5% rent increases every 5 years.
• Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.
PIEDMONT TRIAD MSA
• This Dollar General is located 30 minutes north of downtown Greensboro and the Piedmont Triad.
• The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S., including Greensboro, Winston-Salem, and High Point, NC.
• The Piedmont Triad’s estimated population is 1,611,243, making it the 33rd-largest combined statistical area in the United States.
• There are more than 20 colleges and universities within the Triad, including Wake Forest University, Elon University, and High Point University. These schools have a combined student count of 20,000.
• Notable companies headquartered in Greensboro include: Honda Aircraft Company, Lorillard Tobacco Company, Mack Trucks, Volvo Trucks of North America, The Fresh Market, Cook Out, Columbia Forest Products, and many more.
INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 21,000 locations and plans to open 750 stores in 2025.
• Dollar General has been in business for 80 years and has a current net worth of over $18.16B.
2025 UPGRADED CONSTRUCTION DOLLAR GENERAL
• New 10,640 SF upgraded construction Dollar General located in Reidsville, NC.
• This store is open and rent commenced in September 2025.
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