Dollar General- Spring-City-TN

2018 build-to-suit construction for Dollar General
Attractive 7.15% cap rate for a stabilized deal
±7.5 years remaining on an initial 15-year lease, which includes Five, 5-year extension options
10% rent increases in each of the extension periods
Corporately guaranteed lease from Dollar General Corporation (S&P: BBB)
Tennessee is an income tax free state
Estimated population growth of 6.01% over the next 5 years
Spring City is located 65 miles west of Knoxville and 50 miles north of Chattanooga
Dollar General operates ±21,000 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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