DG Market – Jamestown, KY
Fortis Net Lease is pleased to present this Rare Dollar General Market located in Jamestown, KY. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease (8.0 Years Remaining), leaving Zero landlord responsibilities. The store is classified as a relocation store, proving the success of the local market, as yearly sales are reported to be near $5 Million. The lease contains Five (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. Rare 3% Rental Rate Increase in Jan, 2022!
This Dollar General is highly visible as it is strategically positioned on N. Main Street, within Jamestown, the county seat, and adjacent to the brand new Russell County Public Library scheduled to open in 2019. The 10 mile population from the site exceeds 19,000, while the three mile average household income exceeds $44,797 per year, making this location perfect 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 Market. 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 7.0% cap rate.
• Rare Dollar General Market | Absolute NNN Lease | Investment Grade Guarantee
• Relocation Store | 20,707 SF with Full Freezer & Grocery
• Incredible Store Sales Reported at around $5 Million
• County Seat Location with Minimal Competition | Only Dollar Store within 8 Miles
• Tourist Location | Lake Cumberland (4.75 Million Visitors) is within 5 Miles
• Dollar General announced 28th Straight Quarter of Same Store Sales Growth