Dollar General – Gays Mills, WI

$1,410,690
Price
$79,704
Noi
5.65%
Cap Rate
9,100
Leasable Area
2021
Year Built

Fortis Net Lease is pleased to present this 2021 BTS, 9,100 SF. Dollar General store located in Gays Mills, 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 August 2021.

This Dollar General is highly visible as it is strategically positioned on the corner of Royal Avenue and WI-131. There is no competition in over 20 miles! The ten mile population from the site is 5,068 while the three mile average household income is $77,017 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 5.65% cap rate based on NOI of $79,704.

INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 2021 BTS Construction
• Corner Location
• Situated on Main Thoroughfare into Downtown Gays Mills
• 4 (5 Year) Options | 10% Increases At Each Option
• 1,700 Cars Per Day on WI-131
• Three Mile Household Income $77,017
• Ten Mile Population 5,068
• Investment Grade Dollar Store | BBB Credit Rating
• No Competition Within 20+ Miles!

Instate Broker of Record: Brian Brockman | Bang Realty

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

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OFFERING MEMORANDUM