3603 New Statenville Hwy
Valdosta, GA 31606
Dollar General · Retail Property For Sale

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL Brand New 7,500 SF Build to Suit Dollar General in Valdosta, GA. The store has upgraded construction and opens in May 2018 HOME TO VALDOSTA STATE UNIVERSITY & MOODY AIR FORCE BASE Valdosta is the home of Valdosta State University, a regional university in the University System of Georgia with over 13,000 students. The city is a regional health center and its South Georgia Medical Center was the recipient of the 2013 and 2014 Large Hospital of the Year award in the state of Georgia. Moody Air Force Base is located about 9 miles north of the city and serves a population of over 11,000 servicemembers and family. VALDOSTA Valdosta is one of Georgia's largest cities and is the center of the growing four-county Valdosta MSA. The MSA is the economic engine of South Georgia and North Florida; is strategically positioned equidistant between Atlanta, Georgia and Orlando, Florida along the Interstate 75 corridor (53,330 VPD); and is a vibrant national retail, industrial, medical, and educational center. Future job growth over the next ten years is projected to be 35.71%. According to the Georgia Department of Community Affairs, Valdosta is called the "Naval Stores Capital of the World" and supplies 80% of the world demand for naval stores, pine, and turpentine. Valdosta is home to the yearly Azalea festival and Wild Adventures, a 166-acre theme and water park. INVESTMENT GRADE TENANT Dollar General is a publicly traded (NYSE: DG) Fortune 500 company that operates over 14,321 locations nationwide with a net worth of over four billion. Dollar General is opening 900 locations this year and currently holds an investment grade credit rating of BBB-/Stable with S&P. LONG-TERM CORPORATE NNN LEASE The subject property has a brand new 15-year Corporate Guaranteed Lease with Dollar General. The Tenant is 100% responsible for all expenses, including roof, structure, taxes, insurance and common area maintenance. There are 10 percent rent increases in each of the four, 5-year option periods.