Absolute NNN Dollar General | Rent Increases! | Three Mile Household Income $83,075 | FOR SALE

Highlights:

• 15 year Absolute NNN lease
• Zero landlord responsibilities
• 5% RENTAL RATE INCREASES EVERY 5 YEARS!
• 2022 BTS upgraded metro construction
• Five (5 year) options | 5% rental rate increase at each
• 4,708 cars per day on E Main Street
• Three mile household income $83,075
• Ten mile population 38,891
• Located between gas stations & surrounded by retail & residential
• Corporate guaranty | BBB investment grade tenant
• On main thouroughfare connecting cities

Description:

Fortis Net Lease is pleased to present this 7,500 SF Dollar General store located in Palmyra, Wisconsin. The property is secured with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years including at each of the Five (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classied as Investment Grade. The store has been open & operating successfully since November 2022.

This Dollar General is highly visible and is strategically positioned on E Main Street which sees 4,708 cars per da, in between 2 gas stations. The ten mile population from the site is 38,891 while the three mile average household income is $83,075 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 nancial strength and the proven protability of the tenant, the nation’s largest small box retailer. List price reects a 6.75% cap rate based on NOI of $87,999.96.

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