Dollar General – Hamburg, IA

$1,596,396
Price
$82,214
Noi
5.15%
Cap Rate
9,026
Leasable Area
2020
Year Built

Fortis Net Lease is pleased to present this 9,026SF. Dollar General store located in Hamburg, Iowa. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. 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 and operating successfully since January of 2021.

This Dollar General is highly visible as it is strategically positioned on the corner of 310th St & Argyle Street. The ten mile population from the site is 3,757 while the three mile average household income is $65,596 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 5.15% cap rate based on NOI of $82,214.40.

INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• The Only Dollar Store Serving the Community!
• BTS 2020 Construction | Concrete Parking Lot
• 5 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $65,596
• Ten Mile Population 3,757
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth
• No Competition Within 13 Miles!

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

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OFFERING MEMORANDUM