Dollar General Market – Lewisburg, KY

$1,960,207
Price
$98,010
Noi
5.00%
Cap Rate
12,480
Leasable Area
2022
Year Built

Fortis Net Lease is pleased to present this brand new 12,480 SF. Dollar General Market Relocation store located in Lewisburg, Kentucky! Dollar General Market stores are about double the size of a typical Dollar General and offer a wider variety of perishables and dry groceries. The operating store relocating to this location was the top performing Dollar General in a 15 Mile Radius.  The 2022 BTS property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5 (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 just completed construction & opened successfully in February 2022.

This Dollar General is highly visible as it is strategically positioned on the corner of E Green Street and N Main Street which sees 2,585 cars per day. The ten mile population from the site is 12,495 while the one mile average household income is $57,685 per year, making this location ideal for a Dollar General. This area is experiencing steady growth with the three mile population growth rate at 3%. 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 5.00% cap rate based on NOI of $98,010.36.

INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• Relocation Store | Proven Success in the Market!
• Prior Location Store Ranked Top Performing Store in a 15 Mile Radius
• Upgraded Market Store | Concrete Parking Lot
• 2022 BTS Construction | Corner Location
• 5 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $57,685
• Ten Mile Population 12,495
• Three Mile Population Growth Rate 3.00%
• 2,585 Cars Per Day on N Main Street
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth

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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