Dollar General – Battle Creek, MI
Fortis Net Lease is pleased to present this brand new, 10,640 SF. Dollar General Plus store located in Battle Creek, Michigan. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5 (5 year) 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 has fi nished construction and successfully opened for business in October 2022.
This Dollar General is highly visible as it is strategically positioned on Bedford Road N which sees 4,201 cars per day, at the Meachem Rd connection. It is the only dollar store serving this community and only 2.7 miles from the Bedford Valley Golf Club. The five mile population from the site is 29,377 while the one mile average household income $69,602 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 dollar store. List price reflects a 5.90% cap rate based on NOI of $97,971.96.
• Brand New 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• 2022 BTS Plus Size Construction
• Opening Soon!
• The Only Dollar Store Serving the Community
• Concrete Parking Lot
• 5 (5 Year) Options | 10% Increases At Each Option
• One Mile Household Income $69,602
• Five Mile Population 29,377 and Growing
• 4,201 Cars Per Day on Bedford Road N
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 32 Consecutive Quarters of Same Store Sales Growth
• On Main Thoroughfare | 2.7 Miles From Bedford Valley Golf Club