Dollar General

INVESTMENT HIGHLIGHTS

• Prime Location – Situated between Crawford and Lexington on GA Hwy 78, which averages ±10,000 VPD.
• Strategic Placement – One of two department stores within a 15-mile radius, with the nearest Dollar General 12 miles away.
• Growth Area – Developing area with new homes being built to support the Athens MSA’s growing population. Multiple multifamily and retail developments are planned within a 1.5-mile radius, showcasing market expansion.
• Proximity to Education – Located just 500 feet from Oglethorpe County High School, which has about 700 students, ensuring a steady flow of potential customers.
• Retail Corridor – Positioned in the only retail corridor between Lexington and Crawford, drawing constant business from various Athens sub-markets.
• Lease Security – The store recently signed a 6-year lease extension through 2029, with three options remaining, highlighting its stability and commitment to the location.
• Extensive Reach – Dollar General operates 19,600 stores in 47 states, with plans to open 730 more locations by the end of 2024.
• Investment-Grade Ratings – Rated BBB by Standard & Poor’s and Baa2 by Moody’s, indicating strong creditworthiness.
• Population and Spending – The 10-mile radius around the store features a total population of 15,017 with a consumer spend of $155.4 million. The trade area has a population of 50,991, attracting customers from Winterville and South Athens.
• Repeat Visitors – The store enjoys a high level of repeat customers, with 87,429 visits in the past year and an average 47% increase in visitors, indicating strong community support and customer loyalty.
• Local Economy – The area is characterized by a stable rural community with strong local ties and a growing economy.
• Economic Diversity – The area benefits from a mix of agricultural, manufacturing, and service industries, which support a diverse and resilient economic base.
• Demographic Strength – The population in Oglethorpe County is characterized by steady growth and a strong sense
  of community, with a median household income that supports robust consumer spending.