DG – West Point, GA
Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in West Point, GA. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. 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. The rent is scheduled to commence on 3/27/2017.
This Dollar General is highly visible and is strategically positioned in West Point, GA. The Ten mile population from the site exceeds 24,700 while the Three mile median household income exceeds $48,500 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 6.90% cap rate based on NOI of $89,772. Georgia broker of record, Steve Miller, Miller Realty Services, Inc.
Brand New Absolute NNN Lease
15 Year Term | Five (5 Year) Options
Three Mile Income Exceeds $48,500
Ten Mile Population Exceeds 24,700
Corporate Guarantee “BBB”
Only Investment Grade Dollar Store
Site Benefits From 3,449 Cars Per Day