Dollar General Plus with Rent Increases!

Highlights:

• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities | Upgraded Architecture
• 5% RENT INCREASES EVERY 5 YEARS!!
• 2 Points of Ingress/Egress | Accessible from Both Streets!
• Corner Location Seeing 4,700 Cars Per Day
• 2025 BTS Construction | Plus Size Footprint
• 5 (5 Year) Options | 5% Increases At Each Option
• Three Mile Household Income $64,966
• Ten Mile Population 19,812 & Growing
• Investment Grade Dollar Store With "BBB" Credit Rating
• Corporate Guaranty
• The Only Dollar Store Serving the Area!

Description:

Fortis Net Lease is pleased to present this brand new 10,640 SF Dollar General Plus store located in Chipley, Florida - complete with upgraded architectural 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 is currently under construction with store opening & rent on track to start in May 2025.

This Dollar General Market is highly visible as it is strategically positioned on the corner of Corbin Road & Orange Hill Road which sees 4,700 cars per day and accessible from both streets. The 10 mile population from the site is 19,812 and the 3 mile average household income is $64,966 per year, making this location ideal for a Dollar General. It is the only dollar store serving this area! 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 $142,104.

Documents: