Dollar General – Crivitz, WI
Fortis Net Lease is pleased to present this 2021 BTS, 9,100 SF. Dollar General store located in Crivitz, Wisconsin. The property offers a 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 has been open & operating successfully since April 2021.
This Dollar General is highly visible as it is strategically positioned on the corner of Kottke Road and Co Hwy X, across the street from a Mobil gas station & convenience store. It is the only dollar store within 12 miles! The ten mile population from the site is 6,492 while the three mile average household income $57,550 per year, making this location ideal for a Dollar General. This area is seeing great growth with the 3 mile population growth rate at 6.50%. 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 5.65% cap rate based on NOI of $88,800.
• 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 2021 BTS Construction
• Corner Location | Across from Mobil gas station & convenience store
• 4 (5 Year) Options | 10% Increases At Each Option
• No Competition Within 12 Miles
• The Only Dollar Store Serving the Community
• Three Mile Household Income $57,550
• Ten Mile Population 6,492 | Expected 3.84% Growth
• Three Mile Population Growth Rate 6.50%
• Investment Grade Dollar Store | BBB Credit Rating
• Located on Main Thoroughfare
Instate Broker of Record: Brian Brockman | Bang Realty, Inc.