Families of generalized spatially-coupled low-density parity-check (GSC-LDPC) code ensembles can be formed by terminating protograph-based generalized LDPC convolutional codes. It has previously been shown that ensembles of GSC-LDPC codes constructed from a protograph have better iterative decoding thresholds than their block code counterparts, and that, for large termination lengths, their thresholds coincide with the MAP decoding threshold of the underlying generalized LDPC block code ensemble. Here we show that, in addition to their excellent iterative decoding thresholds, ensembles of GSC-LDPC codes are asymptotically good and have large minimum distance growth rates.