Dollar General Market – Hillsboro, OH
Fortis Net Lease is pleased to present this brand new 10,640 SF. Dollar General Market store located in Hillsboro, Ohio. Dollar General Market stores sell produce and fresh meats and are a necessary addition to the areas they serve. The property offers a 15 Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including 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 is on track to finish construction & open for business in April 2025.
This Dollar General is highly visible as it is strategically positioned on the hard corner of OH-753 & Highway 50 seeing 4,601 cars per day. The 10 mile population from the site is 28,003 and the 3 mile average household income is $50,458 per year, making this location ideal for a Dollar General. This area is also seeing a steady growth in population. 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 6.80% cap rate based on the NOI of $153,797.16.
INVESTMENT HIGHLIGHTS
• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• Dollar General Market | Produce and Fresh Meats
• 5% Rent Bumps Every 5 Years
• Corner Location | 4,601 Cars Per Day
• 5 (5 Year) Options | 5% Increases At Each Option
• 2025 BTS Construction | Plus Size Footprint
• Three Mile Household Income $50,458
• Ten Mile Population 28,003
• On Main Thoroughfare into Downtown Hillsboro
• Investment Grade Dollar Store With “BBB” Credit Rating
• Dollar General Guaranty
Instate Broker of Record: Michael J. Fennessy | Dietz Commercial