Dollar General – Britton, MI
Fortis Net Lease is pleased to present this brand new 9,100 SF. Dollar General store located in Britton, Michigan. The property offers a Fifteen (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 been open & operating successfully since February 2020.
This Dollar General is highly visible as it is strategically positioned on E. Chicago Blvd. which sees 6,901 cars per day. The ten mile population from the site is 40,578 while the three mile average household income is $83,343 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 6.00% cap rate based on the NOI of $89,752.
• New 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• 5 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $83,343
• Ten Mile Population 40,578
• 6,901 Cars Per Day on E. Chicago Blvd.
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 30 Consecutive Years of Same Store Sales Growth
• On Main Thoroughfare Connecting Tecumseh & Dundee, MI
• No Competition Within 7+ Miles