New Dollar General Plus with Rent Bumps!

Highlights:

• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 2026 BTS Construction | Opening in April
• Just off the I-75 Exit | 10,295 Cars Per Day
• Corner Location | 3,006 Cars Per Day
• 2 Points of Ingres/Egress - Accessible from Both Streets
• 5% Rental Rate Increases Every 5 Years!
• 5 (5 Year) Options | 5% Increases At Each Option
• 3 Mile Household Income $66,871
• 10 Mile Population 14,395 | Expected 3.98%
• Investment Grade Dollar Store With BBB Credit Rating
• Dollar General Corporate Guaranty
• Only 15 Minute Drive to the Popular Treetops Golf & Ski Resort

Description:

Fortis Net Lease is pleased to present this 2026 BTS Dollar General store located in Vanderbilt, 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 is currently under construction with opening & rent start on track for April 2026.

This Dollar General is highly visible as it is strategically positioned off of the I-75 Exit (seeing 10,295 cars per day) on the corner of Mill Street (seeing 3,006 cars per day) and Yuill Road. There are 2 points of egress/ingress and the store is accessible from both streets. The 10 mile population from the site is 14,395 and the 3 mile average household income is $66,871 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 6.60% cap rate based on NOI of $131,525.

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