DG – Aurora, MO
Fortis Net Lease is pleased to present this 7,500 SF Dollar General store located in Aurora, MO. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Four (5) Yr. 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 is open with rent having commenced in August 2017.
This Dollar General is highly visible and is strategically positioned in Aurora. The Five mile population from the site exceeds 14,000 while the one mile average household income exceeds $46,000 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 a 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 NOI of $77,241.
• New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 15 Year Term | Four (5 Year) Options
• 2.34% Population Growth Expected Within One Mile
• Only Dollar Store in the Community
• One Mile Household Income $46,375
• Five Mile Population Exceeds 14,000
• Dollar General Reported 28 Consecutive Quarter of Same Store Sales Growth
Instate Broker of Record: Adam Blue | Area Real Estate Advisors | License #: 2002027677