Dollar General – Maiden, NC

$2,134,071
Price
$119,508
Noi
5.60%
Cap Rate
10,640
Leasable Area
2022
Year Built

Fortis Net Lease is pleased to present this brand new construction 10,640 SF. upgraded Dollar General PLUS SIZE store located in Maiden, North Carolina – part of the Charlotte market area. 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 a10% 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 completed construction and successfully opened for business in November 2022.

This Dollar General is highly visible as it is strategically positioned on the hard signalized corner of Startown Road and Maiden Road which sees 15,734 cars per day. The 5 mile population from the site is 22,938 & the 1 mile average household income is $74,305 per year, making this location ideal for a Dollar General. This area is also experiencing steady growth with the 5 mile population growth rate at 4.51%. 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 5.60% cap rate based on NOI of $119,508.

INVESTMENT HIGHLIGHTS
• Absolute NNN 15 Year Lease | Zero Landlord Responsibilities
• Brand New Construction | Upgraded Design | Plus Size Store
• Signalized Corner Location | Charlotte Market Area
• Now Open | November 2022
• 5 (5 Year) Options | 10% Rental Increase At Each Option
• One Mile Household Income $74,305
• Five Mile Population 22,938 | Expected 4.51% Growth
• 15,734 Cars Per Day at Startown Road and Maiden Road
• Investment Grade Dollar Store with “BBB” Credit Rating
• On Thoroughfare Into Downtown Maiden
• Quick & Easy Access to Highway 321 | 31,156 VPD

Instate Broker of Record: Bran 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