Dollar General Market – Bronson, MI
Fortis Net Lease is pleased to present this brand new 12,687 SF. Dollar General Market store located in Bronson, Michigan. Dollar General Market stores sell produce and fresh meats and are a necessary addition to the areas they serve . The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains a 5% rent increases every 5 years during the primary term
and at each of the 5 (5 year) options to renew. 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 & successfully opened for business on January 30, 2024.
This Dollar General Market is highly visible as it is strategically positioned on W Chicago Road which sees 7,856 cars per day. The ten mile population from the site is 16,869 while the three mile average household income $62,948 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 6.60% cap rate based on NOI of $132,396.
INVESTMENT HIGHLIGHTS
• Brand New 15 Year Absolute NNN Lease
• Dollar General Market | Produce and Fresh Meats
• Zero Landlord Responsibilities
• 5% RENTAL RATE INCREASES EVERY 5 YEARS IN PRIMARY TERM
• 2023 BTS Plus Size | NOW OPEN
• 5 (5 Year) Options | 5% Increases At Each Option
• Three Mile Household Income $62,948
• Ten Mile Population 16,869
• 7,856 VPD on W Chicago Road
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 32 Consecutive Quarters of Same Store Sales Growth
• On Main Thoroughfare into Connecting Cities