Dollar General

2526 Blacksburg Rd. - Grover NC 28073

LTV (Loan to Value)	65.00%	Current NOI	$77,836.00
Interest Rate	4.250%	Capital Rate	6.450%
Fixed Term	10 Years	Land Area	2.00 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$784,550.00	Property Type	Retail
Payment	$4,250.21	Property Lease	Dollar Store
Bulding Size	9,026 SF	Remaining Terms	15 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a 9,026 square-foot freestanding Dollar General property situated on 2.0 acres and located in Grover, NC. The Property is a brand new build-to-suit facility for the tenant.Dollar General is operating under a brand-new fifteen (15) year absolute triple net (NNN) lease with 10% increases in each of the five (5), five (5) year option periods. The property is strategically located in the market of Grover, North Carolina, situated to serve the tenant’s targeted demographic and located between two of the largest metropolitan areas of the Carolinas, Charlotte and Greenville/Spartanburg. The property is 100% leased to Dollar General Corporation (NYSE: DG, S&P: BBB-). Dollar General currently operates more than 11,800 stores in 43 states, and boasted revenues in excess of $18.91 billion as of January 2015 with a current net worth of approximately $5.71 billion. The company’s revenues rose by 9% in fiscal 2014 driven by a same-store sales increase of 3% and a consumables revenues increase of 11%.

Highlights

NNN – Absolute net lease. Tenant is responsible for all expenses including roof, structure, taxes, insurance, and common area maintenance.…

Property Description

Grover is a town in Cleveland County, North Carolina. Grover is classified as a small town where railway and highway routes Interstate 85 and U.S. Highway 29 cross the state line between North Carolina and South Carolina. Grover is also home to international companies like Eaton, Commercial Vehicle Group, Southern Power, Cunningham Brick, and the Presidential Culinary Museum and Library.Cleveland county is the gateway between Asheville and Charlotte. It is centered between two of the largest metropolitan areas of the Carolinas, Charlotte and Greenville/Spartanburg.