Dollar General – Lidgerwood, ND

$1,589,018
Price
$87,396
Noi
5.50%
Cap Rate
9,100
Leasable Area
2021
Year Built

Fortis Net Lease is pleased to present this 2021 BTS, 9,100 SF. Dollar General store located in Lidgerwood, North Dakota. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 4 (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 November 2021.

This Dollar General is highly visible as it is strategically positioned on ND-11 which sees 1,740 cars per day and is the only dollar store within 12+ miles! The ten mile population from the site is 1,306 while the three mile average household income $53,793 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 5.50% cap rate based on NOI of $87,396.

INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 2021 BTS Construction
• Adjacent to Ford Dealership
• 4 (5 Year) Options | 10% Increases At Each Option
• Only Dollar Store Serving the Community
• No Competition Within 12+ Miles
• Three Mile Household Income $53,793
• Ten Mile Population 1,306
• Investment Grade Dollar Store | BBB Credit Rating
• Located on Main Thoroughfare

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