DG – Merrillan, WI
Fortis Net Lease is pleased to present this 7,500 SF Dollar General store located in Merrillan, 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 Merrillan, WI. The five mile population from the site exceeds 2,103 while the five mile average household income exceeds $47,200 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 $74,640.
• Brand New Absolute NNN Lease
• Zero Landlord Responsibilities
• 15 Year Term with 4 (5 Year) Options
• Five Mile Household Income Over $47,200
• Ten Mile Population Exceeds 7,800
• 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