Dollar General – Pinebluff, NC

$2,089,680
Price
$104,484
Noi
5.00%
Cap Rate
10,640
Leasable Area
2022
Year Built

Fortis Net Lease is pleased to present this brand new 10,640 SF. Upgraded Dollar General PLUS store located in Pinebluff, North Carolina. 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 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 is currently under construction with rent commencement in late August 2022.

This Dollar General is highly visible as it is strategically positioned on the hard corner of E Chicago Avenue & N Walnut Street which sees 14,104 cars per day. The 5 mile population from the site is 23,940 and the 1 mile average household income is $67,374 per year, making this location ideal for a Dollar General. This area is seeing explosive growth with the 1 mile population growth rate at 15.06%! 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 $104,484.00.

INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• Brand New 2022 BTS Upgraded & Plus Size Construction
• Hard Corner Location | On Main Thoroughfare
• 2 Points of Ingress/Egress | Accessible From Both Streets
• 5 (5 Year) Options | 10% Increases At Each Option
• One Mile Household Income $67,374
• Five Mile Population 23,940 | Expected 13.96% Growth
• One Mile Population Growth Rate 15.06%
• 14,104 Cars Per Day on N Walnut Street
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 32 Consecutive Years of Same Store Sales Growth
• 7 Miles from Downtown Pinehurst (Popular Tourist Area) Featuring Pinehurst Golf Resort & Carolina Hotel

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

DOWNLOAD LINKS

OFFERING MEMORANDUM