Brand New Dollar General with Rent Bumps!

Highlights:

• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 2025 BTS Plus Size Construction | Now Open!
• Corner Location | 3,639 Cars Per Day
• 5% Rental Rate Increases Every 5 Years!
• 5 (5 Year) Options | 5% Increases At Each Option
• 1 Mile Household Income $84,775
• 5 Mile Population 29,969
• The Only Dollar Store Serving This Community!
• Investment Grade Dollar Store With "BBB" Credit Rating
• Dollar General Corporate Guaranty

Description:

Fortis Net Lease is pleased to present this 2025 BTS 10,640 SF. Dollar General Plus store located in Jackson, Michigan. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years including at each of the 5 (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 and successfully opened for business in July 2025!

This Dollar General is highly visible as it is strategically positioned on the corner of Eastland Street & Michigan Avenue which sees 3,639 cars per day. This is the only dollar store serving the community! The 5 mile population from the site is 29,969 and the 1 mile average household income is $84,775 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 6.65% cap rate based on NOI of $147,640.

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