Brand New Dollar General Plus

Highlights:

• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• 5% Rent Increases Every 5 Years
• 2025 BTS Construction | Plus Size Footprint | 9.21 Acres
• 5 (5 Year) Options | 5% Increases At Each Option
• 5 Mile Consumer Spending $1.3 Billion!
• One Mile Household Income $58,294
• Five Mile Population 126,251 | Expected 4.46%
• S Main Street Sees 7,585 VPD & Easy Access to I-285 (63,865 VPD)
• Investment Grade Dollar Store | BBB Credit Rating
• Site Surrounded by Residential Homes | Convenient Location
• Dollar General Corporate Guaranty | Investment Grade

Description:

Fortis Net Lease is pleased to present this 2025 BTS, 10,640 SF. Dollar General Plus store located in Winston-Salem, North Carolina. The property offers 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 4 (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 the rent commencement and store opening on track for early August 2025.

This Dollar General is highly visible as it is strategically positioned on S Main Street seeing 7,585 cars per day, with quick and easy access to I-285 seeing 63,865 cars per day. The site is surrounded by residential homes making it a convenient stop for the area. The five mile population from the site is 126,251 while the one mile average household income is $58,294 per year, making this location ideal for a Dollar General. The 5 mile consumer spends is a huge $1.3 Billion! 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 6.25% cap rate based on NOI of $169,812.

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