Dollar General

138 Harrill Road - Forest City NC 28043

LTV (Loan to Value)	65.00%	Current NOI	$85,970.00
Interest Rate	4.250%	Capital Rate	6.450%
Fixed Term	10 Years	Land Area	1.90 Acre
Amortization	25 Years	Lease Type	NNN
Loan Amount	$866,450.00	Property Type	Retail
Payment	$4,693.89	Property Lease	Discount 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 1.9 acres and located in Forest City, 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 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 Forest City, North Carolina, situated to serve the tenant’s targeted demographic and located about an hour from Charlotte and Asheville.The property is 100% leased to Dollar General Corporation (NYSE: DG, S&P: BBB-). Dollar General currently operates more than 12,000 stores in 43 states, and boasted revenues in excess of $29.12 billion as of May 2015 with a current net worth of approximately $5.38 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

Forest City formerly known as “Burnt chimney” is a town in Rutherford County, North Carolina. Forest City has many museums, ranging from the Bennett Classical Auto Museum to the Rutherford County Farm Museum.In 2010, Rutherford County was selected for a new $450 million data center for Facebook. It’s also home to the Horsehead Corporation which is a state-of-the-art zinc and diversified metal production.