Dollar General – Spring Hill, FL
Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Spring Hill, FL. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving Zero landlord responsibilities. The lease contains Four (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 store is under construction with rent scheduled to commence on 9/1/2018.
This Dollar General is highly visible as it is strategically positioned in Spring Hill, FL. The five mile population from the site exceeds 78,000, while the one mile median household income exceeds $55,500 per year, making this location perfect 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.
• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 15 Year Term | Four (5 Year) Options
• Upgraded Building Design and Construction
• 7.63% Five Mile Population Growth
• 40,500 Cars Per Day
• One Mile Household Income $55,633
• Five Mile Population Exceeds 78,000
• Dollar General Reported 28 Consecutive Quarter of Same Store Sales Growth