Dollar General – Remus, MI

$1,955,069
Price
$98,731
Noi
5.05%
Cap Rate
10,640
Leasable Area
2021
Year Built

Fortis Net Lease is pleased to present this 2021 BTS, 10,640 SF. Dollar General PLUS SIZE store located in Remus, Michigan. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 4 (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 has been open and operating successfully since December 2021.

This Dollar General is highly visible as it is strategically positioned on E. Wheatland Avenue which sees 6,995 cars per day. The ten mile population from the site is 19,115 while the three mile average household income is $71,091 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 5.05% cap rate based on NOI of $98,731.

INVESTMENT HIGHLIGHTS
– 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
– 2021 BTS PLUS SIZE Construction | Now Open!
– 4 (5 Year) Options | 10% Increases At Each Option
– Three Mile Household Income $71,091
– Ten Mile Population 19,115 and Growing
– 6,995 Cars Per Day on Wheatland Avenue
– Investment Grade Dollar Store With “BBB” Credit Rating
– DG Reported 31 Consecutive Years of Same Store Sales Growth
– Adjacent to Family Dollar and Fate’s Food Market
– On a Main Thoroughfare Connecting Communities

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

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OFFERING MEMORANDUM