DG – Morrisville, PA

$1,552,666
Price
$95,489
Noi
6.15%
Cap Rate
7,500
Leasable Area
2017
Year Built

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OFFERING MEMORANDUM

Fortis Net Lease is pleased to present a brand new Dollar General store located at 1279 Old Bristol Pike in Morrisville, PA. This new Triple Net (NNN) lease has no landlord responsibilities and the brand new lease will commence on September 7, 2017. The lease has a corporate guarantee from Dollar General which has a “BBB” S&P rating, which is classified as “Investment Grade”.
The subject property is in a densely populated area with over 242,000 residents within five miles. The median home value within five miles exceeds $219,000 and the average household income exceeds $76,000. Surrounding retail tenants include: Rite Aid, Wawa, Burger King and 7 Eleven.

INVESTMENT HIGHLIGHTS
 Brand New 7,500 SF Dollar General Metro Store
 Triple Net (NNN) 15 Year Lease with No Landlord Responsibilities
 Four, Five Year Options | 10% Rent Increases at Each Option
 Corporate Guarantee | “BBB” S&P Rating
LOCATION HIGHLIGHTS
 Located on Old Bristol Pike (7,200+ VPD) | Close to Highway 13/Bristol Pike (24,000+ VPD)
 Population Within 5 Miles Exceeds 242,000 Residents
 Average Household Income Exceeds $76,000 Within 5 Miles
 Median Home Value Exceeds $219,000 Within 5 Miles
 Surrounding Retail Tenants Include: Rite Aid, Wawa, Burger King, 7 Eleven and more