Dollar General – Edenville, MI

$1,527,607
Price
$85,546
Noi
5.60%
Cap Rate
9,100
Leasable Area
2016
Year Built

Fortis Net Lease is pleased to present this 9,100 SF. Dollar General store located in Edenville, Michigan. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities, with 9.5 years remaining on the primary term. 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 and operating successfully since August of 2016.

This Dollar General is highly visible as it is strategically positioned at the corner of N Water Rd and N Meridian Rd which sees 5,116 cars per day. There are two points of ingress/egress and the store is conveniently accessible from either road. The ten mile population from the site is 23,149 and growing, while the three mile average household income is $81,501 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 5.60% caprate based on NOI of $85,546.

INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• 9.5 Years Remaining on the Primary Term
• Two Points of Ingress/Egress | Accessible From Both Streets
• The Only Dollar Store Serving the Community!
• Operating Successfully Since 2016
• 4 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $81,501
• Ten Mile Population 23,149 and Growing
• 5,116 Cars Per Day on N Meridian Rd
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth
• No Competition in Over 7+ Miles!

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

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