Dollar General – Leighton, AL
Fortis Net Lease is pleased to present this 9,026 SF Dollar General store located in Leighton, AL. The property is secured with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains five (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 July of 2016.
This Dollar General will be highly visible as it is strategically positioned on Main Street which sees 2,432 cars per day. The 10 mile population from the site exceeds 40,000 while the three mile average household income exceeds $47,700 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 a 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 6.35% cap rate based on NOI of $69,372.
– 15 Year Absolute NNN Lease | Zero landlord Responsibilities
– Five (5 Year) Options to Renew | 10% Increases at Each
– 2016 BTS Construction | 10.25 Years Remaining on Primary Term
– Three Mile Household Income $47,792
– Ten Mile Population 40,880
– 2,432 Cars Per Day on S. Main Street
– Investment Grade Dollar Store With “BBB” Credit Rating
– DG Reported 30 Consecutive Years of Same Store Sales Growth
– Only Dollar Store Serving the Community
Instate Broker of Record: Brian Brockman | Bang Realty, Inc.