Dollar General – San Bernardino, CA

$3,743,747
Price
$177,828
Noi
4.75%
Cap Rate
10,542
Leasable Area
2022
Year Built

Fortis Net Lease is pleased to present this brand new 10,542 SF. 2022 BTS, Upgraded Dollar General PLUS store located in San Bernardino, California. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 3 (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 an anticipated rent commencement date in August of 2022.

This Dollar General is highly visible as it is strategically positioned on the hard signalized corner of W Marshall Blvd and N E Street which sees 18,694 cars per day. The five mile population from the site is 295,603 while the one mile average household income is $64,062 per year, making this location ideal for a Dollar General. This area is also experiencing steady population growth. 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 4.75% cap rate based on the NOI of $177,828.

INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• 2022 BTS Construction | Highly Upgraded
• Hard Signalized Corner Location
• 3 (5 Year) Options | 10% Increases At Each Option
• One Mile Household Income $64,062
• Five Mile Population 295,603 | Expected 2.59% Growth
• 18,694 VPD at W Marshall Blvd and N E Street
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth
• Only 6 Miles from San Bernardino International Airport
• 3 Miles from California State University San Bernardino | 20,000+/- Students
• Surrounded by Residential
• Consumer Spending within a 5 Mile Radius $2.4 Billion

Instate Broker of Record: Bang Realty, Inc, | Brian Brockman

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

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OFFERING MEMORANDUM