Dollar General – Glen Ullin, ND

$1,800,000
Price
$90,000
Noi
5.00%
Cap Rate
9,026
Leasable Area
2022
Year Built

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.

INVESTMENT HIGHLIGHTS
• 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.

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

DOWNLOAD LINKS

OFFERING MEMORANDUM