New Dollar General | Double Net (NN) Lease

Highlights:

• 10 Year Double Net (NN) Lease | Minimal Landlord Responsibilities
• 8% Rent Increases Every 5 Years
• The Only Dollar Store Serving the Community!
• 2026 Retrofit Construction | Opened in May 2026
• 3 (5 Year) Options | 8% Increases At Each Option
• Three Mile Household Income $61,784
• Ten Mile Population 20,924
• Seeing 3,725 Cars Per Day
• Investment Grade Dollar Store | BBB Credit Rating
• Site Nestled Amongst Residential Homes | Convenient Location
• Dollar General Corporate Guaranty | Investment Grade

Description:

Fortis Net Lease is pleased to present this 2026 retrofit Dollar General store located in Lowgap, North Carolina. The property offers a Ten (10) Year Double Net (NN) Lease, leaving minimal landlord responsibilities (Tenant pays base rent, property taxes, insurance, limited CAM/parking). The lease contains 8% rental rate increases every 5 years including at each of the 3 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store has completed construction with the store successfully opening for business in May 2026.

This Dollar General is highly visible as it is strategically positioned on W Pine Street seeing 3,725 cars per day & is the only dollar store serving the community. The site is nestled amongst residential homes making it a crucial stop for the area. The 10 mile population from the site is 20,924 while the 3 mile average household income is $61,784 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 7.20% cap rate based on NOI of $91,452.

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