DG – Havana, FL

$1,364,895
Price
$85,305.96
Noi
6.25%
Cap Rate
7,500
Leasable Area
2018
Year Built

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OFFERING MEMORANDUM

Fortis Net Lease is pleased to present this 7,500 SF Dollar General store located in
Havana, FL. 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 rent is anticipated to commence on 2/27/2018.
This Dollar General will be highly visible as it is strategically positioned on the Florida-
Georgia Hwy, in Havana, FL. The ten mile population from the site exceeds
21,000, while the three mile median household income exceeds $41,000 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 brand new 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 6.25% cap rate
based on NOI of $85,305.96.

• Brand New Absolute NNN Lease
• Zero Landlord Responsibilities
• 15 Year Term | Four (5 Year) Options
• Corner Location with Two Egress
• Three Mile Household Income $41,250
• Ten Mile Population Exceeds 21,000
• 15 Miles From Tallahassee
• Only Investment Grade Dollar Store