Dollar General Center – Hartville, MO

$245,624
Price
$20,264
Noi
8.25%
Cap Rate
11,300
Leasable Area
2013
Year Built

CONTACT US REGARDING THIS LISTING

ANDREW BENDER

Investment Advisor

Ben Schultz

Senior Director

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OFFERING MEMORANDUM

Fortis Net Lease is pleased to present this 11,300 SF Dollar General anchored center located in Hartville, Missouri. The property offers a 5 year Gross lease. The lease contains an additional (5 Year) option to renew with a 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 2000.

This Dollar General is highly visible as it is strategically positioned just off of Rolla Street. The ten mile population from the site is 2,176 while the five mile average household income is $64,817 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 8.25% cap rate based on NOI of $20,264.

INVESTMENT HIGHLIGHTS
• Gross Lease
• One (5 Year) Options | Rental Rate Increase At Option
• Three Mile Household Income $64,817
• Ten Mile Population 2,176
• Investment Grade Dollar Store with “BBB” Credit Rating
• DG Reported 30 Consecutive Years of Same Store Sales Growth
• Located off a Main Thoroughfare

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