Dollar General – Braxton, MS
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.
• 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