Brand New Dollar General Plus | 5% Bumps!

Highlights:

• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 5% RENT INCREASES EVERY 5 YEARS!!
• Located off Main Thoroughfare seeing 5,789 VPD
• 2024 BTS Plus Size | Plus Size & Upgraded Exterior Design
• 5 (5 Year) Options | 5% Increases At Each Option
• Three Mile Household Income $47,206
• Ten Mile Population 11,627
• Investment Grade Dollar Store With "BBB" Credit Rating

Description:

Fortis Net Lease is pleased to present this brand new 10,640 SF. Dollar General Plus store located in Alma, Georgia with an upgraded exterior design. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent 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 & opened to the public in April 2024.

This Dollar General is highly visible as it is strategically positioned on GA Hwy 32 which sees 5,789 cars per day, a main thoroughfare into downtown Alma. The 10 mile population from the site is 11,627 while the 3 mile average household income is $47,206 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 small box discount retailer. List price reflects a 6.40% cap rate based on NOI of $134,436.

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