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!
• 5 (5 Year) Options | 5% Increases At Each Option
• 3 Mile Household Income $72,196
• 10 Mile Population 14,950 | Expected 7.05%
• High Growth Area | 3 Mile Population Growth Rate 9.16%
• Investment Grade Dollar Store With "BBB" Credit Rating
• Dollar General Corporate Guaranty
• Limited Competition Area | Next Dollar Store 7+ Miles Away

Description:

Fortis Net Lease is pleased to present this 2025 BTS 10,640 SF. Dollar General Plus store located in Gaylord, 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 is currently under construction with opening & rent start on track for August 2025.

This Dollar General is highly visible as it is strategically positioned off of Old US Highway 27 S in a limited competition area with the next dollar store over 7 miles away. The 10 mile population from the site is 14,950 and the 3 mile average household income is $72,196 per year, making this location ideal for a Dollar General. This is a high growth area with the 3 mile population growth rate at 9.16%! 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 6.70% cap rate based on NOI of $154,335.

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