Dollar General – Clewiston, FL
Fortis Net Lease is pleased to present this upgraded 10,640 SF. upgraded Dollar General Plus store located in Clewiston, Florida. The property offers a brand new 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 just completed construction with rent commencing and store opening in December 2021.
This Dollar General is highly visible as it is strategically positioned on the corner of Witt Rd. & State Road 80 which sees 11,100 cars per day. The ten mile population from the site is 8,438 while the three mile average household income $48,561 per year, making this location ideal for a Dollar General. This area is experiencing great growth with the five mile population growth rate at 6.10%. 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.
• Brand New 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• 2021 BTS Construction | Upgraded Plus Size Design
• Just Opened in December 2021!
• 4 (5 Year) Options | 10% Increases At Each Option
• Located on Main Thoroughfare Connecting Communities
• Three Mile Household Income $48,561
• Ten Mile Population 8,438
• Five Mile Population Growth Rate at 6.10%
• 11,100 Cars Per Day on State Road 80
• Investment Grade Dollar Store with “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth
Instate Broker of Record: Michael Houghton | Oak Realty Advisors