Dollar General Builds 3 New Stores – Plans 7 More For 2013

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DCM Development Company (Chris Lechner, manager) an affiliate of Lechner Construction of Tucson purchased a 56,581 sq. ft. lot for[mepr-show rules=”58038″]$325,000 ($5.74 PSF) at 1742 W Ruthrauff Road from Craig Lee Gross, et. al. and a 46,866 sq. ft. lot for $405,000 ($8.64 PSF) at 3751 S Pantano Road from Rose VL, FLP (Rose Gee, manager). Both properties are under construction with the standard 9,100 sq. ft. Dollar General buildings.

According to Lechner, the stores sell before construction is completed. DCM in November 2012 completed construction and the sale of the Dollar General at 1765 W Prince Rd. for $1.48 million ($163 PSF) to Colina DG Prince Rd, LLC et. al. of Salt Lake City, UT.

The Dollar General store at 15440 W Ajo Hwy in Three Points was constructed in 2012 and sold by SW Three Points DG, LLC, an affiliate of Southwest General Development of Phoenix (Beau Woodring, manager) on March 13, 2013 for $1.47 million ($161.50 PSF) to the Sadlier Living Trust of La Quinta, CA.

Dave Hammack of the Volk Company in Tucson represents Dollar General through DCM and Southwest General on the sale of completed stores and represented Southwest in Three Point and DCM in the Prince Road transactions. Bank of Tucson financed the construction.

DCM hopes to add seven more store sites this year and has five currently under contract, according to Lechner. To date, DCM has constructed five Dollar Generals in Tucson with two more under construction. The stores sell as triple net investments, fully leased and operated by Dollar General corporate. Lechner said DCM won’t sell all the stores it builds this year and would like to keep some for its own investment portfolio. Each Dollar General store provides work for 14-16 employees.

Other DCM built Dollar General locations in Tucson include: 945 E 22nd Street (built 2011), 5697 S Alvernon Way (built 2010), 5663 S 12th Avenue (built 2011), and 155 W Valencia Road (built 2007).

Dollar General Corporation of Goodlettsville, TN (NYSE:DG) published its intention to continue a consistent record of positive job growth in 2013 with the creation of 6,000 new jobs, and the planned addition of 635 new stores and 550 relocations nationally. With the addition of these jobs, Dollar General will have created approximately 30,000 new jobs in the last six years.

“Dollar General’s continued growth reflects our customers’ increasing satisfaction with our everyday low prices and convenience,” said Rick Dreiling, Dollar General’s chairman and CEO. “Further, 2013 will mark another growth milestone as we plan to open the organization’s 11,000th store before the year’s end when we will begin our 75th anniversary in 2014.”

In order to generate a high caliber candidate pool, Dollar General also participates in proactive hiring initiatives such as Paychecks for Patriots that demonstrate the company’s commitment to an employee base including veterans. The Paychecks for Patriots program helps resolve the challenges of unemployment facing veterans by equipping the military community with the resources to better access available job opportunities at committed companies.

“Dollar General is a thriving organization looking to attract new employees that embody our mission of ‘Serving Others,’ which complements the company’s efforts to promote from within. We are excited to welcome new talent with a passion for the retail business,” said Bob Ravener, executive vice president and chief people officer.

Dollar General’s commitment to employee development will also continue in 2013 by using training as an instrumental tool in the company’s overall success. Recently, Training magazine recognized the company among its Training Top 125 for the second consecutive year.

For additional information on Dollar General contact the Media Relations Department at (615) 855-5210. Lechner can be reached at (520) 888-1212. Hammack is at (520) 326-3200.

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