Brand New Dollar General with Rent Bumps!

Highlights:

• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 2025 BTS Construction | Corner Location
• 5% Rental Rate Increases Every 5 Years!
• 5 (5 Year) Options | 5% Increases At Each Option
• 3 Mile Household Income $95,717
• 10 Mile Population 34,332
• The Only Dollar Store Serving This Community!
• Investment Grade Dollar Store With "BBB" Credit Rating
• Dollar General Corporate Guaranty

Description:

Fortis Net Lease is pleased to present this 2025 BTS 9,100 SF. Dollar General store located in Manitou Beach, Michigan. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rental rate 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 and successfully opened for business in August 2025.

This Dollar General is highly visible as it is strategically positioned on the corner of Main Street & Manitou Road. This is the only dollar store serving the community! The 10 mile population from the site is 34,332 and the 3 mile average household income is $95,717 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 dollar store. List price reflects a 6.80% cap rate based on NOI of $131,656.

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