Dollar General – Brussels, WI

$1,637,192
Price
$85,134
Noi
5.20%
Cap Rate
9,100
Leasable Area
2021
Year Built

Fortis Net Lease is pleased to present this 2021 BTS, 9,100 SF. Upgraded All Brick Dollar General store located in Brussels, Wisconsin. 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 has been open and operating successfully since November 2021.

This Dollar General is highly visible as it is strategically positioned on County Road DK adjacent to a gas station. It is the only dollar store serving the community. The ten mile population from the site is 6,710 while the three mile average household income is $81,093 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 5.20% caprate based on NOI of $85,134.

INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• 2021 BTS Construction | Upgraded All Brick Design
• Concrete Parking Lot | Now Open!
• 4 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $81,093
• Ten Mile Population 6,710
• Adjacent to Gas Station | Only Dollar Store Serving the Community
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth
• No Competition Within 18+ Miles

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

DOWNLOAD LINKS

OFFERING MEMORANDUM