Overview

Description

Fortis Net Lease is pleased to present this 8,125 SF built-to-suit Dollar General store located in Mt Vernon, IL. The property is encumbered with a 10-year NN lease, leaving minimal landlord responsibilities. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently open with rent having commenced in March 2003.

This Dollar General is highly visible as it is strategically positioned on Broadway St which sees 7,985 cars per day. The three-mile population from the site is 17,154. While the three-mile average household income is $61,577 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 a 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.

Highlights

• $300 per Month Rent Increase | January 2025
• Newly Remodeled | January 2022
• NN Lease | 6.5 Years Remaining
• Three Mile Household Income | $61,577
• Three Mile Population | 17,154
• 7,985 Cars Per Day on Broadway St
• Investment Grade Dollar Store with "BBB" Credit Rating
• DG Reported 31 Consecutive Quarter of Same-Store Sales Growth

Documents

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