New Dollar General | Double Net (NN) Lease

Highlights:

• 10 Year Double Net (NN) Lease | Minimal Landlord Responsibilities
• 8% Rent Increases Every 5 Years
• The Only Dollar Store Serving the Community!
• 2026 Retrofit Construction | Opening in May
• 3 (5 Year) Options | 8% Increases At Each Option
• Three Mile Household Income $61,784
• Ten Mile Population 20,924
• Seeing 3,725 Cars Per Day
• Investment Grade Dollar Store | BBB Credit Rating
• Site Nestled Amongst Residential Homes | Convenient Location
• Dollar General Corporate Guaranty | Investment Grade

Description:

Fortis Net Lease is pleased to present this 2026 retrofit Dollar General store located in Lowgap, North Carolina. The property offers a Ten (10) Year Double Net (NN) Lease, leaving minimal landlord responsibilities (Tenant pays base rent, property taxes, insurance, limited CAM/parking). The lease contains 8% rental rate increases every 5 years including at each of the 3 (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 rent start & store opening on track for May 2026.

This Dollar General is highly visible as it is strategically positioned on W Pine Street seeing 3,725 cars per day & is the only dollar store serving the community. The site is nestled amongst residential homes making it a crucial stop for the area. The 10 mile population from the site is 20,924 while the 3 mile average household income is $61,784 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 7.20% cap rate based on NOI of $91,452.

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