Dollar General – Radisson, WI
Fortis Net Lease is pleased to present this 9,100 SF. Dollar General store located in Radisson, Wisconsin. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 4 (5) Yr. 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 open with rent having commenced on August 22, 2019.
This Dollar General is highly visible as it is strategically positioned on the corner of Clark Street and State Road 70 which sees 3,271 cars per day. The ten mile population from the site is 1,979 while the three mile average household income $45,687 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 6.6% cap rate based on NOI of $85,099.
• Brand New 15 Year Absolute NNN Lease
• Hard Corner Location
• Zero Landlord Responsibilities
• 4 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $45,687
• 3,271 Cars Per Day at State Road 70 & Clark St.
• Investment Grade Dollar Store
• Dollar General Reported 31 Consecutive Quarter of Same Store Sales Growth
• Only Dollar Store Within 20 Miles
Instate Broker of Record: Wayne Sobczak | Realty World (Tiffany Real Estate) | License # 471-000681