Dollar General – Battle Creek, MI
Fortis Net Lease is pleased to present this 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 4 (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 is currently open with rent having commenced in April2022.
This Dollar General is highly visible as it is strategically positioned on the hard corner of B drive and Beadle Lake Road which sees 13,999 cars per day. The five mile population from the site is 51,431 while the one mile average household income $108,759 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 4.85% cap rate based on NOI of $98,910.
• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 2022 BTS Plus Size Construction
• Hard Signalized Corner Location
• 4 (5 Year) Options | 10% Increases At Each Option
• One Mile Household Income $108,759
• Five Mile Population 51,431
• 13,999 Cars Per Day at B Drive & Beadle Lake Road
• Investment Grade Dollar Store With “BBB” Credit Rating
• Across the Street From Harper Creek Middle & High School and a Shell Gas Station
• 1.5 Miles From Binder Park Zoo
• On Main Thoroughfare | 2 Miles From Large Retail Hub