Dollar General – Braxton, MS

$1,283,714
Price
$89,860
Noi
7.0%
Cap Rate
9,002
Leasable Area
2016
Year Built

CONTACT US REGARDING THIS LISTING

Ben Schultz

Senior Director

DOWNLOAD LINKS

OFFERING MEMORANDUM

Fortis Net Lease is pleased to present this 9,002 SF. Dollar General store located in Braxton, Mississippi. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains five (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 currently open with rent having commenced on 10/8/2016.

This Dollar General is highly visible as it is strategically positioned on the corner of M A Neely Road and US Highway 49 which sees 24,000 cars per day. The ten mile population from the site is 16,302 while the three mile average household income is $51,615 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 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. List price reflects a 7.0% cap rate based on NOI of $89,860.

INVESTMENT HIGHLIGHTS
• Absolute NNN 15 Year Lease | Zero Landlord Responsibilities
• Concrete Parking Lot
• Five (5 Year) Options | 10% Rental Increase At Each Option
• Three Mile Household Income $51,615
• Ten Mile Population 16,302
• 24,000 Cars Per Day on US Highway 49
• Investment Grade Dollar Store with “BBB” Credit Rating
• DG Reported 32 Consecutive Quarters of Same Store Sales Growth
• Jackson MSA
• No Competition Within 6 Miles

 

Instate Broker of Record: Mathew Laborde | Elifin | License #21862