DG – Embarrass, WI

$1,261,664
Price
$86,424
Noi
6.85%
Cap Rate
9100
Leasable Area
2018
Year Built

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OFFERING MEMORANDUM

Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Embarrass, WI. The property is encumbered with a fifteen (15) year absolute NNN lease, leaving zero landlord responsibilities. The lease contains 4 (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.

This Dollar General is highly visible as it is strategically positioned in Embarrass, WI. The five mile population from the site exceeds 7,700 while the five mile average household income exceeds $51,700 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 6.85% cap rate based on NOI of $86,424.

• Brand New Absolute NNN Lease
• Zero Landlord Responsibilities
• 15 Year Term / 4 (5 Year) Options
• Five Mile Household Income Over $51,700
• Five Mile Population Exceeds 7,700
• Investment Grade Dollar Store
• DG Reported 28 Consecutive Quarter of Same Store Sales Growth

Wisconsin In-State Broker of Record: Pfefferle Companies, Inc. #834960-91