Dollar General – Saunemin, IL
Fortis Net Lease is pleased to present this brand new construction, 9,100 SF. Dollar General store located in Saunemin, Illinois. 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 completing construction with rent commencing in June of 2021.
This Dollar General is highly visible as it is strategically positioned at the intersection of E. 1800 N. Rd. and N. 2700 East Rd. which sees 4,594 cars per day. The ten mile population from the site is 5,589 while the three mile average household income is $82,771 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 a 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 5.70% cap rate based on NOI of $87,500.04.
• Absolute NNN 15 Year Lease | Zero Landlord Responsibilities
• Brand New BTS Construction
• 5 (5 Year) Options | 10% Rental Increase At Each Option
• Three Mile Household Income $82,771
• Ten Mile Population 5,589
• 4,594 Cars Per Day at E 1800 N Rd & N 2700 East Rd
• Investment Grade Dollar Store with “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth
• On Main Thoroughfare Connecting Communities
• No Competition in 12+ Miles
Instate Broker of Record: Eli Schultz | Fortis Net Lease