Dollar General – Rosebush, MI
Fortis Net Lease is pleased to present this brand new 9,100 SF. Dollar General store located in Rosebush, Michigan. The property offers 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 nearing the end of construction with rent on track to commence in February 2021.
This Dollar General is highly visible as it is strategically positioned on N. Mission Road near Highway 127 which sees 17,976 cars per day. The ten mile population from the site is 59,801 while the three mile average household income $71,124 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 6.00% cap rate based on NOI of $89,746.
• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• Brand New 2021 BTS Construction
• 4 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $71,124
• Ten Mile Population 59,801
• 17,976 Cars Per Day on Highway 127
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 30 Consecutive Years of Same Store Sales Growth
• Located on Main Thoroughfare Connecting Mount Pleasant and Clare, MI
• No Competition in Over 6 Miles | Only Dollar Store Serving the Community