Dollar General – Dudley, NC
Fortis Net Lease is pleased to present this brand new 10,640 SF. Dollar General plus store with upgraded brick facade located in Dudley, North Carolina. The property offers a 15 Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5 (5 Year) options to renew. 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 recently completed construction & successfully opened for business in February 2025!
This Dollar General is highly visible as it is strategically positioned off of Indian Springs Road near the corner of Emmaus Church Rd, seeing 4,105 cars per day. It sits in an extremely limited competition area. The 10 mile population from the site is 51,000 and the 3 mile average household income is $76,782 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 6.60% cap rate based on the NOI of $131,988.
INVESTMENT HIGHLIGHTS
• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 5% RENT INCREASES EVERY 5 YEARS!
• Upgraded Brick Facade | Plus Size Footprint
• 5 (5 Year) Options | 5% Increases At Each Option
• Three Mile Household Income $76,782
• Ten Mile Population 51,000
• 4,105 Cars Per Day at Indian Springs Rd & Emmaus Church Rd
• Limited Competition Area
Instate Broker of Record: Brian Brockman | Bang Realty