Dollar General – Glen Ullin, ND
Fortis Net Lease is pleased to present this brand new construction 9,026 SF. Dollar General store located in Glen Ullin, North Dakota. This 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 store is currently under construction with rent commencement & store opening on track for mid July 2022.
This Dollar General store is highly visible as it is strategically positioned on the corner of E South Avenue & E Pine Avenue which sees 1,125 cars per day. Located on a main thoroughfare, this is the only dollar store serving the community. The ten mile population from the site is 863 and the three mile average household income is $67,464 per year, which is 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 a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nations #1 dollar store! List price reflects a cap rate of 5.00% based on NOI of $90,000.
• Absolute NNN 15 Year Lease
• Zero Landlord Responsibilities
• 2022 BTS Construction
• No Competition Within 22+ Miles!
• Corner Location | On Main Thoroughfare
• 4 (5 Year) Options | 10% Rental Increase At Each Option
• One Mile Household Income $67,464
• Ten Mile Population 863
• 1,125 Cars Per Day at E South Avenue & E Pine Avenue
• The Only Dollar Store Serving the Community!
Instate Broker of Record: Brian Brockman | Bang Realty, Inc.