Dollar General Plus – Coldwater, MI

$1,844,500
Price
$94,991.76
Noi
5.15%
Cap Rate
10,640
Leasable Area
2021
Year Built

Fortis Net Lease is pleased to present this brand new 10,640 SF. Dollar General PLUS store located in Coldwater, Michigan. 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 under construction with rent on track to commence in December of 2021.

This Dollar General is highly visible as it is strategically positioned on the corner of Iyopawa Road & S. Angola Road which sees 3,179 cars per day. It sits just off of the I-69freeway which sees 26,272 cars per day. The ten mile population from the site is 39,515while the three mile average household income is $85,789 per year, making this location ideal for a Dollar General. The area is also seeing great growth with the three mile growth population rate at 4.77%. 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 5.15% cap rate based on the NOI of $94,991.76.

INVESTMENT HIGHLIGHTS
• New 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• 5 (5 Year) Options | 10% Increases At Each Option
• Plus Size Construction | 2021 BTS
• Three Mile Household Income $85,789
• Ten Mile Population 39,515
• Three Mile Population Growth Rate 4.77%
• 3,179 Cars Per Day on S. Angola Road
• 26,272 Cars Per Day on I-69 | Site Located Near Exit
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Straight Years of Same Store Sales Growth
• No Competition Within 8+ Miles!

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

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