Brand New Dollar General Plus With Rent Bumps!

Highlights:

• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 2025 BTS Plus Size Construction
• 5% Rental Rate Increases Every 5 Years!
• 4 (5 Year) Options | 5% Increases At Each Option
• 3 Mile Household Income $110,862
• 10 Mile Population 126,133 | Expected 5.50% Growth
• 3,091 Cars Per Day on E Main Street (Hwy 40)
• The Only Dollar Store Serving the Community!
• Investment Grade Dollar Store With "BBB" Credit Rating
• Dollar General Corporate Guaranty

Description:

Fortis Net Lease is pleased to present this 2025 BTS 10,640 SF. Dollar General Plus store located in Kirkersville, Ohio. 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 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 will start construction soon with opening & rent start on track for October 2025.

This Dollar General is highly visible as it is strategically positioned on E Main Street (Highway 40) seeing 3,091 cars per day. The store is the only dollar store serving this community! The 10 mile population from the site is 126,133 and the 3 mile average household income is $110,862 per year, making this location ideal for a Dollar General. This area is also seeing great population growth with the 10 mile growth rate at 5.50%. 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 6.75% cap rate based on NOI of $148,440.

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