4 Store Popshelf Portfolio | 2023 BTS | Now Open!
4 Store Portfolio, Shepherdsville, KY
$11,932,842
Price
6.4%
Cap Rate
$763,701.96
NOI
Overview
Description
Fortis Net Lease is pleased to present this attractive pOpshelf portfolio, with 3 sites in Kentucky and 1 in Oklahoma. pOpshelf is Dollar General's newest retail store concept aimed at engaging customers with a fun, affordable and stress-free shopping experience. All 4 stores were built in 2023. Each is secured with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. All locations have 4 (5 Year) options to renew, each with a 10% rental rate increase. The leases are corporately guaranteed by Dollar General Corporation which holds an S&P credit rating of “BBB" and is classified as Investment Grade. All 4 stores are now open for business!
The portfolio benefits from long term NNN Leases, new construction BTS buildings, and corporate Guaranty from Dollar General - an investment grade tenant with over 19,000 locations. The 3 mile household income average coming in at $73,598. The average 5 mile population is 65,498 and all have high traffic counts! The new owner will see continued success in owning a portfolio of pOpshelf branded Dollar General stores, the #1 Dollar Store in the Country!
Highlights
- Extremely Aractive 4 Store pOpshelf Portfolio
- 3 Stores in Kentucky & 1 Store in Oklahoma
- Located in Dense Retail & Development Areas
- Dollar General's Newest Retail Concept! | NOW OPEN!
- 15 Yr. Absolute NNN Leases | All Plus Size Stores!
- New Construction | 2023 BTS Upgraded Construction
- Dollar General Corporate Guarantee | BBB Credit Rating
- Average 3 Mile Household Incomes Ideal at $73,598
- Average 5 Mile Population at 65,498
- All Leases Equipped with 4 (5 Year) Options with 10% Bumps
- Investment Grade Tenant | 19,000+ Locations
Documents
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Offering Memorandum
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