Dollar General – Chaparral, NM

$1,884,815
Price
$97,068
Noi
5.15%
Cap Rate
9,026
Leasable Area
2020
Year Built

Fortis Net Lease is pleased to present this 9,026 SF. Dollar General store located in Chaparral, New Mexico. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 3 (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 October of 2020.

This Dollar General is highly visible as it is strategically positioned on Jung Sun Lane which sees 3,314 cars per day, near the Patriot Freeway which sees 8,545 cars per day. The ten mile population from the site is 103,891 while the three mile average house holdincome is $37,357 per year, making this location ideal for a Dollar General. This area is also experiencing great growth with the 1 mile population growth rate at 8.10%. 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 $97,068.

INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 2020 BTS Construction
• 3 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $37,357
• Ten Mile Population 103,891 | Expected 3.28% Growth
• One Mile Population Growth Rate 8.10%
• 3,314 Cars Per Day on Jung Sun Lane
• 8,545 Cars Per Day on Patriot Freeway
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth

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