Tenant: Dollar General Center | Prosperity, SC Premises: 10,300 SF Renewal Options: 3 x 5 Years
Lease Expiration: 8/31/2029 Lease Type: NN Rental Increases: At Options
Sands Investment Group is Pleased to Exclusively Offer For Sale the Dollar General Center Located Directly on Wheeler Avenue in Prosperity, South Carolina.
Dollar General Has Been Operating on This Site Since 2004 and Recently Extended Their Lease an Additional 5 Years, Showing Commitment to the Location
Corporate Guarantee From Dollar General (NYSE: DG): BBB Credit Rating
Minimal Landlord Responsibilities
Dollar General Operates Over 17,266 Stores in 46 States With 2020 Reported Net Sales of $33.7 Billion (21.6% Increase From 2019)
Three 5 Year Options to Renew With Attractive Rent Increases Every 5 Years and At Each Option
Competitively Priced at $69/SF
Upside Potential – Ability to Lease the 1,200 SF Space to Increase Income
Located on C R Koon Highway Which Sees 12,900 Vehicles Per Day
Situated 5.5-Miles From Interstate I-26 Which Sees Over 44,900 VPD
Less Than 10-Miles From Lake Murray Which is a Vacation and Retreat Destination
Nearby Tenants Include: Food Lion, BP Gas Station, CITGO, First Citizens Bank, Kiswire and More
In Cooperation With Sands Investment Group Charleston, LLC
Lic. #20891 | BoR: Chris Sands – Lic. # 93103
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Tenant Overview
Dollar General Corporation (NYSE: DG) was founded in 1939 and has been delivering value to shoppers for over 80 years. Dollar General helps shoppers Save time. Save money. As of February 26, 2021, Dollar General operated 17,266 stores in 46 states as of December 1, 2020.
Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. In addition to high quality private brands, Dollar General sells products from America’s most-trusted brands such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills and PepsiCo.
Fiscal year 2020 net sales increased 21.6% to $33.7 billion compared to $27.8 billion in fiscal year 2019. This net sales increase included positive sales contributions from new stores and growth in same-store sales, modestly offset by the impact of store closures. Same-store sales increased 16.3% compared to fiscal year 2019, driven by an increase in average transaction amount, partially offset by a decline in customer traffic. Same-store sales in the 2020 period included growth in the consumables, seasonal, home products and apparel categories, with the largest percentage increase in the home products category. The Company believes consumer behavior driven by COVID-19 had a significant positive effect on net sales and same-store sales.