Dollar General – Greensboro, NC

$2,156,640
Price
$107,832
Noi
5.00%
Cap Rate
10,640
Leasable Area
2022
Year Built

Fortis Net Lease is pleased to present this 10,640 SF. corner entry Dollar General Plus store featuring an upgraded façade and located in Greensboro, North Carolina. The property offers a Fifteen (15) Year Absolute NNN Lease. The lease contains 5 (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 2022.

This Dollar General is highly visible as it is strategically positioned a short distance from the NC-150 Highway and N Church Street intersection which sees 10,337 cars per day. The five mile population from the site is 26,492 & the one mile average household income $136,973 per year, making this location ideal for a Dollar General. This area is seeing above average growth with the one mile population growth rate at 5.36%. 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 5.00% cap rate based on NOI of $107,832.

INVESTMENT HIGHLIGHTS
• Brand New 15 Year Absolute NNN Lease
• Upgraded Façade | Plus Size Footprint
• Opened in August 2022
• No Competition within 7 Miles
• 4 (5 Year) Options | 10% Increases At Each Option
• One Mile Household Income $136,973 (Ideal Shopper Demographic According to Article Published by CNN Business in Sept 2022)
• One Mile Population Growth Rate 5.36%
• Five Mile Population 26,492
• 10,337 Cars Per Day at NC-150 Highway and N Church Street
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 30 Consecutive Years of Same Store Sales Growth
• Greensboro/Winston-Salem Market

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