Brand New Dollar General Plus | Upgraded Storefront

Highlights:

• New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 13.75 Years Remaining on Primary Term
• 5 (5 Year) Options | 10% Increases At Each Option
• Corner Location | Easy Access to Highway 82
• 2023 BTS Construction | Upgraded Storefront
• Three Mile Household Income $57,020
• Ten Mile Population 6,896
• 4,831 Cars Per Day on Highway 82
• Investment Grade Dollar Store With "BBB" Credit Rating
• On Main Thoroughfare Connecting Cities
• Limited Competition Area | Nearest Dollar Store Over 7 Miles Away

Description:

Fortis Net Lease is pleased to present this brand new 10,640 SF. upgraded Dollar General store located in Axson, Georgia. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5 (5 Year) Options to renew, each with a 10% rental rate increase. 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 finished construction and successfully opened in late January 2023.

This Dollar General is highly visible as it is strategically positioned on the corner of Minchew Road and Highway 85 which sees 4,831 cars per day. The ten mile population from the site is 6,896 while the three mile average household income is $57,020 per year, making this location ideal for a Dollar General. This area is also seeing an increase in population growth. 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 7.00% cap rate based on the NOI of $110,472.

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