DG – Moore Haven, FL

$2,075,951
Price
Noi
MARKET
Cap Rate
10,566
Leasable Area
2017
Year Built

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OFFERING MEMORANDUM

Fortis Net Lease is pleased to present this 10,566 SF Dollar General store located in Moore Haven, 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 commenced on 12/15/2017.

This Dollar General will highly visible and is strategically positioned in Moore Haven, FL. The five mile population from the site exceeds 4,000 while the one mile median household income exceeds $33,784 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.

• Brand New Absolute NNN Lease
• Zero Landlord Responsibilities
• 15 Year Term | Four (5 Year) Options
• One Mile Household Income $33,784
• Five Mile Population Exceeds 4,000
• 7.46% Growth Expected in One Mile
• Relocation Store | Proven Success