Dollar General – Staunton, IL

$1,667,578
Price
$85,880.28
Noi
5.15%
Cap Rate
9,026
Leasable Area
2021
Year Built

Fortis Net Lease is pleased to present this 2021 BTS, 9,026 SF. Dollar General store located in Staunton, Illinois which is a part of the St. Louis, MO-IL DMA. The property offers a brand new 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 is completing construction with opening & rent on track to occur in March 2022.

This Dollar General is highly visible as it is strategically positioned on State Rte 4 which sees 4,022 cars per day. The ten mile population from the site is 26,516 while the three mile average household income $66,955 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 5.15% cap rate based on NOI of $85,880.28.

INVESTMENT HIGHLIGHTS
• Brand New 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• 2022 BTS Construction | Saint Louis, MO-IL DMA
• 3 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $66,955
• Ten Mile Population 26,516
• 4,022 Cars Per Day on State Rte 4
• Investment Grade Dollar Store with “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth
• Adjacent to Casey’s and Only 0.5 Miles from Staunton High School
• Located on Main Thoroughfare

Instate Broker of Record: Eli Schultz | Fortis Net Lease

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

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OFFERING MEMORANDUM