Dollar General – Frankfort, OH

$1,834,252
Price
$94,464
Noi
5.15%
Cap Rate
9,026
Leasable Area
2021
Year Built

Fortis Net Lease is pleased to present this 9,026 SF. Dollar General store located in Frankfort, Ohio. 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 and operating successfully since May of 2021.

This Dollar General is highly visible as it is strategically positioned on 2nd St which sees 2,466 cars per day. The ten mile population from the site is 26,130 while the three mile average household income is $68,306 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 a5.15% caprate based on NOI of $94,464.

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INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• BTS 2021 Construction
• 4 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $68,306
• Ten Mile Population 26,130
• 2,466 Cars Per Day on 2nd St
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth
• Surrounded by Residential Homes
• Easy Access On/Off I-35

Instate Broker of Record: Michael J. Fennessy | Dietz Commercial

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

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OFFERING MEMORANDUM