DG – Freeman, MO
Fortis Net Lease is pleased to present this 7,489 SF Dollar General store, located in Freeman, MO. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains four (5Yr.) options, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General which holds an investment grade credit rating of “BBB”. The store is open with rent having commenced on 2/14/2018.
This Dollar General is strategically located in Freeman, MO. The town of Freeman is approximately 30 minutes south of Kansas City, MO. The population within a ten mile radius is greater than 30,500, with the average household income within a two mile radius exceeding $79,500. 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 6.75% cap rate based on NOI of $77,304.
• Absolute NNN Dollar General (Zero Responsibilities)
• 15 Year Term | Four (5Yr.) Options | 10% Bumps at Each
• Population Within 10 Miles Exceeds 30,500
• Freeman is Part of the Kansas City MSA
• Average Household Income Within 3 Miles of $79,890
• Zero Dollar Store Competition
• Corporate Guarantee by DG which has a “BBB” Rating
Instate Broker of Record: Adam Blue | Area Real Estate Advisors | License #: 2002027677