Dollar General – Clairfield, TN
Fortis Net Lease is pleased to present this 9,002 SF. Dollar General store located in Clairfield. 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 February of 2021.
This Dollar General is highly visible as it is strategically positioned on Tennessee 90. The ten mile population from the site is 8,622 while the three mile average household income is $49,233 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 $93,224.
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• 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• BTS 2020 Construction
• The Only Dollar Store Serving the Community!
• 5 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $49,233
• Ten Mile Population 8,622
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth
• No Competition Within 16+ Miles
• Located on a Main Thoroughfare Across From Clairfield Elementary School
Instate Broker of Record: Brian Brockman | Bang Realty, Inc.