Dollar General – Elmwood, WI
Fortis Net Lease is pleased to present this new 10,566 SF. Dollar General Plus store located in Elmwood, Wisconsin. The property is secured with a 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 March 2023.
This Dollar General is highly visible as it is strategically positioned on W. Winter Avenue which sees 2,150 cars per day. The ten mile population from the site is 7,407 while the three mile average household income $68,766 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 a6.10% cap rate based on NOI of $110,012.
• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• The Only Dollar Store Serving the Community
• 2023 BTS Plus Size Construction
• 4 (5 Year) Options | 10% Increases At Each Option
• 3 Mile Household Income $68,766
• 10 Mile Population 7,407 & Growing
• 2,150 VPD on W. Winter Avenue/72
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 32 Consecutive Quarters of Same Store Sales Growth
• Limited Competition Area
• On Main Thoroughfare
Instate Broker of Record” Brian Brockman | Bang Realty, Inc.