Dollar General Plus
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| LTV (Loan to Value) | 0.00% | Current NOI | |
| Interest Rate | 0.000% | Cap Rate | 0.000% |
| Fixed Term | 13.5 Years Years | Land Area | |
| Amortization | Years | Lease Type | |
| Loan Amount | Property Type | ||
| Payment | Property Lease | ||
| Building Size | Remaining Terms |
Location Description
Brunswick is the major urban and economic center in lower southeastern Georgia. The municipality is located on a harbor of the Atlantic Ocean, approximately 30 miles north of Florida and 70 miles south of South Carolina. Brunswick is the second-largest urban area on Georgia’s coast, after Savannah, and is the seat of government for Glynn County.Today the area supports a progressive economy largely based on tourism and logistics with a metropolitan GDP of $3.9 billion. The Port of Brunswick handles approximately 10 percent of all U.S. ro-ro trade—third in the U.S. behind the ports of Los Angeles and Newark. The headquarters of the Federal Law Enforcement Training Center is located 5 miles north of the central business district of the city and is adjacent to Brunswick–Golden Isles Airport, which provides commercial air service to the area. In the 2010 U.S. census, the population of the city proper was 15,383; the urban area, 51,024; and the metropolitan area, 112,370.Highlights
13.5 Years Base Lease Term Remaining
Absolute NNN Lease with Zero Landlord Responsibilities –Landlord-favorable lease with no landlord responsibilities
Relocation Store from an In-Line Location – Dollar General relocated to this free-standing location from an in-line location
Investment Grade Credit Tenant – Dollar General (NYSE: DG) currently holds a BBB-/Stable credit rating from S&P and reported FY2013 revenue of $17.5 billion and net income of $1.03 billon
Newly Constructed, Attractive Dollar General Plus Store Prototype – The Property was constructed in 2013 and is a larger format than most Dollar General stores
Highly Accessible Location with Strong Traffic Counts – Located on New Jesup Highway (28,807 VPD), just off Interstate 95 (50,571 VPD), a primary convenience shopping destination
Regional Retail Destination – Numerous national retailers are located along the same retail thoroughfare including O'Reilly Auto Parts, CVS Pharmacy, McDonald's, Walmart, Home Depot, Publix, JCPenney, and Target, among many others
NNN Loans Funding
Triple-Net Lease Financing arranged by NNNLenders. Offering Triple Net NNN Property Loans.