Dollar General – Holton, MI
Fortis Net Lease is pleased to present this new 10,640 SF. Dollar General Plus store located in Holton, Michigan. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5 (5 year) options to renew! The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store completed construction & successfully opened for business in January 2024.
This Dollar General is highly visible as it is strategically positioned on Holton Road which sees 13,571 cars per day. It is the only dollar store serving the community! The 10 mile population from the site is 31,247 while the 3 mile average household income is $60,573 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 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 small box discount retailer. List price reflects a 6.75% cap rate based on NOI of $97,716.
INVESTMENT HIGHLIGHTS
• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• The Only Dollar Store Serving the Community!
• 5% Rent Increases Every 5 Years during the Primary Term!
• Seeing 13,571 Cars Per Day | Concrete Parking Lot
• 2024 BTS Plus Size Construction | Upgraded Facade
• 5 (5 Year) Options | 5% Increases At Each Option
• Three Mile Household Income $60,573
• Ten Mile Population 31,247 & Growing
• Investment Grade Dollar Store With “BBB” Credit Rating
• Corporate Guaranty!