Dollar General – Interlochen, MI

$1,602,119
Price
$108,143.04
Noi
6.75%
Cap Rate
10,640
Leasable Area
2023
Year Built

Fortis Net Lease is pleased to present this new 10,640 SF. Dollar General Plus store located in Interlochen, Michigan. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5 (5 year) options to renew with 10% rental rate increases at each! The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store completed construction & successfully opened for business in September 2023.

This Dollar General is highly visible as it is strategically positioned on the hard corner of N Reynolds Road & Honor Highway which sees 10,287 cars per day. The 10 mile population from the site is 34,544 while the 3 mile average household income is $76,120 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 small box discount retailer. List price reflects a 6.75% cap rate based on NOI of $108,143.04.

INVESTMENT HIGHLIGHTS
• New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• Corner Site Seeing 10,287 Cars Per Day
• 2023 BTS Plus Size | Plus Size Construction
• 5 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $76,120
• Ten Mile Population 34,544
• Investment Grade Dollar Store With “BBB” Credit Rating
• Corporate Guaranty | 20,000+ Stores

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

ANDREW BENDER

Investment Advisor

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