Dollar General – Jetersville, VA

$1,726,562
Price
$96,687.48
Noi
5.60%
Cap Rate
10,640
Leasable Area
2022
Year Built

Fortis Net Lease is pleased to present this new wood prototype, plus size footprint, Dollar General store located in Jetersville, Virginia and part of the Richmond Market Area – the 3rd most populous metro in the state. 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 & operating successfully since 4/28/2022.

This Dollar General is highly visible as it is strategically on the corner of Drunkard Road and Patrick Henry Highway seeing 12,000 cars per day. The ten mile population from the site is 14,600 and the three mile average household income is $93,982 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 5.60% cap rate based on NOI of $96,678.48.

INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• 2022 BTS Construction | New Wood Prototype Architectural Design
• Richmond Market Area – 3rd Most Populous Metro in the State
• Corner Location | Easy On/Off Access to the Highway
• 5 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $93,982 (Ideal Demographic Shopper According to Article Published by CNN Business this Month)
• Ten Mile Population 14,600
• 12,000 Cars Per Day on Patrick Henry Highway
• No Competition Within 8+ Miles
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 32 Consecutive Years of Same Store Sales Growth
• Located Across from a Gas Station

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