Dollar General – Clinton, MO
Fortis Net Lease is pleased to present this 14,077 SF. Dollar General store located in Clinton, MO. The property is encumbered with a NN Lease, leaving limited landlord responsibilities. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is open, with rent having commenced since 1999. Dollar General recently extended the lease through 11/30/2024, showing commitment to the location.
This Dollar General is highly visible as it is strategically positioned on E Ohio St. The five mile population from the site is 10,203 while the one mile average household income $56,041 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 8% cap rate based on NOI of $47,459.
• Dollar General Corporate Lease
• Over 5 Year Remaining on Term
• One Mile Household Income $56,041
• Five Mile Population 10,203
• Investment Grade Dollar Store
• Dollar General Reported 29 Consecutive Quarter of Same Store Sales Growth
• Traffic Count of Cars Per Day is 10,010
Instate Broker of Record: Adam Blue | Area Real Estate Advisors | License # 2002027677