Dollar General – Honor, MI
Fortis Net Lease is pleased to present this 2026 BTS Dollar General Plus store located in Honor, Michigan – close to many popular northern Michigan attractions. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years including at each of the 5 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store just completed construction & successfully opened for business in February 2026!
This Dollar General is highly visible as it is strategically positioned on the corner of N Marshall Road & Highway 31 seeing 8,136 cars per day. The 10 mile population from the site is 13,727 and the 3 mile average household income is $96,709 per year, making this location ideal for a Dollar General. This area is also seeing great growth in population. 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 6.50% cap rate based on NOI of $149,448.
INVESTMENT HIGHLIGHTS
• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 2026 BTS Plus Size Construction | Just Opened!
• Corner Location | 8,136 Cars Per Day
• 5% Rental Rate Increases Every 5 Years!
• 5 (5 Year) Options | 5% Increases At Each Option
• 3 Mile Household Income $96,709
• 10 Mile Population 13,727 | Expected 5.14%
• Investment Grade Dollar Store With “BBB” Credit Rating
• Dollar General Corporate Guaranty
• Close Proximity to Popular Attractions: Crystal Mountain Ski Resort, Sleeping Bear Dunes National Lake Shore, & Many Hiking & Biking Trails