ABS NNN Dollar General | Upgraded Construction | Georgia
ABS NNN Dollar General | Upgraded Construction | Georgia
Marketing description
Matthews™ is pleased to exclusively offer this exceptional NNN investment opportunity featuring a 2019 build-to-suit Dollar General located in Gay, Georgia. This Absolute NNN lease with zero management responsibility is corporately guaranteed by Dollar General Corporation, a publicly traded company with an investment-grade credit rating of BBB (S&P) and a market capitalization of approximately $25 billion.
The subject property is positioned within the growing South Metro Atlanta region, approximately 45 miles south of Atlanta and 41 miles from Hartsfield-Jackson Atlanta International Airport. The property benefits from a strong average household income of $82,281 annually within a 5-mile radius and an estimated population growth of 10.25% over the next 5 years. The nearest competing dollar store is over 9 miles away, providing Dollar General with limited local competition.
Dollar General remodeled this location in 2026, demonstrating their long-term commitment to the site. The lease provides approximately 7.75 years of term remaining with five 5-year renewal options, each featuring a 10% rent increase.
Investment highlights
Lease and Location
- 2019 UPGRADED build-to-suit construction for Dollar General
- Absolute NNN lease with zero management responsibility
- Corporately guaranteed lease from Dollar General Corporation
- Dollar General remodeled this location in 2026 proving long term commitment to the site
- Extremely strong average household income of $82,281 annually (5 Mile)
- Estimate population growth of 10.25% over the next 5 years
- Average household income of $82,281 annually (sweet-spot for a discount retailer)
- Subject property is positioned just one hour south of Atlanta, the sixth-largest metro area in the U.S., and approximately 40 miles from Hartsfield-Jackson Atlanta International Airport
- Limited competition - the nearest dollar store is over 9 miles away
Tenant
- Dollar General operates ±20,000 locations and plans to continue their expansion for the foreseeable future
- Dollar General has an investment-grade credit rating of BBB (S&P)
- Dollar General was considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
- Dollar General has a market cap of ± 25 billion
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