15 Store Dollar General Portfolio

$27,538,286
Price
$1,376,878.32
Noi
5.00%
Cap Rate
139,012
Leasable Area
19-20
Year Built

Fortis Net Lease is pleased to present this extremely rare and geographically diverse Dollar General portfolio, with sites being in AR, KY, LA, MI, MN, MS, ND, NY, OK, and SD. Most properties saw rent commence in 2020 with 2 sites commencing in 2019. Each is secured with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. All locations have (5 Year) options to renew, each with a 10% rental rate increase. The leases are corporately guaranteed by Dollar General Corporation which holds an S&P credit rating of “BBB” and is classified as Investment Grade. Portfolio must have the interest only loan assumed, which will offer purchaser a cash of cash of 6.87%.

The portfolio benefits from long term NNN Leases, new construction BTS buildings, and corporate Guaranty from Dollar General – an investment grade tenant with over 18,000locations. The 3 mile household income average coming in at $65,993. The new owner will see continued success in owning a portfolio of geographically diverse Dollar General Stores, the #1 Dollar Store in the Country!

INVESTMENT HIGHLIGHTS
• Extremely Rare 15 Store DG Portfolio!
• Diverse Geographical Locations!
• 15 Yr. Absolute NNN Leases | Two Plus Size Stores!
• Newer Construction | 2019 & 2020 BTS Construction
• Dollar General Corporate Guarantee
• Average 3 Mile Household Incomes Ideal at $65,993
• All Leases Equipped with Multiple (5 Year) Options with 10%Bumps
• Interest only Assumable Loan, Offering a 6.87% Cash on Cash!
• Investment Grade Tenant | 18,000 Locations

 

Instate Broker of Record: Brian Brockman | Bang Realty, Inc.

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

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OFFERING MEMORANDUM