9267 Smyrna Pky
Louisville, KY 40229
Dollar General (Louisville) · Retail Property For Sale

NEW CONSTRUCTION Brand New 9,100 SF Build to Suit Dollar General in Louisville, KY. Scheduled delivery February 2017. LONG TERM CORPORATE ABSOLUTE 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. INVESTMENT GRADE TENANT Dollar General is publically traded (NYSE: DG) and operates over 13,000 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. RENT INCREASES There are 10 percent rent increases in each of the three, 5-year option periods. LOUISVILLE, KY Louisville is the largest city in the Kentucky. It is known for the University of Louisville (with approximately 23,000 enrolled) and for the famous Kentucky Derby, which draws nearly 150,000 to the city for this annual event. The city has been investing millions to upgrade its attractions, hotels and convention facilities. Its two convention centers, The Kentucky International Convention Center, located in downtown Louisville, and the Kentucky Exposition Center,a 1.2 million square foot facility located across from the Louisville International Airport, attract the nation's top tradeshows. The greater Louisville region is home to more than 1.4 million people and over 39,000 businesses. The State Entrepreneurship Index ranked Kentucky No. 4 for its ability to create new businesses. Part of Louisville's attraction lies in its strategic location within a day's drive of two-thirds of the U.S. population. The region's dynamic, diversified economy has out-performed the U.S. in job and income growth on a per capita basis throughout the last decade.