Dollar General – Blanchard, MI
Fortis Net Lease is pleased to present this 2022 BTS 10,640 SF. Upgraded Dollar General PLUS SIZE store located in Blanchard, Michigan. The property offers a Fifteen (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 completed construction and successfully opened for business in May of 2022.
This Dollar General is highly visible as it is strategically positioned on Jackson Road near the corner of Costabella Avenue. This is the only dollar store serving the community! The ten mile population from the site is 15,253 while the three mile average household income is $66,115 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 5.50% cap rate based on NOI of $99,625.
• 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 2022 BTS Upgraded | PLUS SIZE Construction
• Now Open | May 2022
• 4 (5 Year) Options | 10% Increases At Each Option
• Concrete Parking Lot | Near Intersection
• Three Mile Household Income $66,115
• Ten Mile Population 15,253
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 32 Consecutive Years of Same Store Sales Growth
• On Main Thoroughfare Connecting Cities
• No Competition Within 8+ Miles