Dollar General – Mebane, NC

$1,879,872
Price
$117,492
Noi
6.25%
Cap Rate
10,640
Leasable Area
2023
Year Built

Fortis Net Lease is pleased to present this new 10,640 SF. Dollar General Plus store with upgraded architecture located in Mebane, North Carolina. 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 is preparing the begin construction with an opening & rent start date on track for January 2024.

This Dollar General is highly visible as it is strategically positioned on the corner of NC-119 & Highway 86 which sees 6,786 cars per day and is the only dollar store within a 7 mile radius. The site is directly across the street from South Elementary School. The ten mile population from the site is 13,529 while the three mile average household income $75,069 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 6.25% caprate based on NOI of $117,492.

INVESTMENT HIGHLIGHTS
• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 5% RENTAL RATE INCREASES EVERY 5 YEARS IN PRIMARY TERM
• Corner Location | Opening in January 2024
• 2023 BTS Plus Size | Upgraded Architecture
• 5 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $75,069
• Ten Mile Population 13,529
• 6,786 VPD at NC-119 & Highway 86
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 32 Consecutive Quarters of Same Store Sales Growth
• Limited Competition Area | No Dollar Stores Within 7+ Miles

Instate Broker of Record: Brian Brockman | Bang Realty

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

ANDREW BENDER

Investment Advisor

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