Dollar General – Campbellsville, KY

$1,501,805
Price
$77,343
Noi
5.15%
Cap Rate
9,100
Leasable Area
2020
Year Built

Fortis Net Lease is pleased to present this 9,100SF. Dollar General store located in Campbellsville, Kentucky. 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 and operating successfully since April of 2020.

This Dollar General is highly visible as it is strategically positioned on Liberty Rd which sees 2,091 cars per day. The ten mile population from the site is 25,368 while the three mile average household income is $65,801 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 5.15% cap rate based on NOI of $77,343.

INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• BTS 2020 Construction
• Located on Main Thoroughfare
• 5 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $65,801
• Ten Mile Population 25,368
• 2,091 Cars Per Day on Liberty Rd
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth
• No Competition in 7+ Miles

Instate Broker of Record: Brian Brockman | Bang Realty, Inc.

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

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OFFERING MEMORANDUM