Dollar General – Sparkman, AR

$1,172,809
Price
$79,752
Noi
6.8%
Cap Rate
7,489
Leasable Area
2019
Year Built

CONTACT US REGARDING THIS LISTING

Ben Schultz

Senior Director

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OFFERING MEMORANDUM

Fortis Net Lease is pleased to present this 7,489 SF Dollar General “METRO” store located in Sparkman, AR. The property is encumbered with 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.

This Dollar General is highly visible as it is strategically positioned in Sparkman, AR. The five mile population from the site exceeds 900 while the five mile average household income exceeds $48,000 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.

INVESTMENT HIGHLIGHTS
• Brand New Absolute NNN Lease
• Zero Landlord Responsibilities
• 15 Year Term with 5 (5 Year) Options
• Five Mile Household Income Over $48,000
• Investment Grade Dollar Store
• DG Reported 30 Consecutive Quarter of Same Store Sales Growth

 

In-State Broker of Record: Jessica Dearnley | Flake & Kelley Commercial