Dollar General – Supply, NC

$2,053,091
Price
$112,920
Noi
5.50%
Cap Rate
10,640
Leasable Area
2022
Year Built

Fortis Net Lease is pleased to present this brand new, upgraded architecture Dollar General store located in Supply. North Carolina and part of the Wilmington Market. 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 under construction with a target rent start & opening date in February 2023.

This Dollar General is highly visible as it is strategically sits on the corner of Boones Neck Rd SW & Oxpen Rd SW seeing 4,804 cars per day. The 5 mile population from the site is 22,247 and the 1 mile average household income is $55,325 per year, making this location ideal for a Dollar General. This area is experiencing explosive growth with the 1 mile population growth rate at 30.24%! 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 5.50% cap rate based on NOI of $112,920.

INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• 2022 BTS Construction | Upgraded Architectural Design
• Wilmington Market Area | Corner Location Site
• Only 4 Miles to Holden Beach – Nationally Recognized as one of the Premier Family Beaches in the Country!
• 5 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $55,325
• Five Mile Population 22,247 | Expected 28.88% Growth
• Explosive Growth Area with 1 Mile Population Growth at 30.24%
• 4,804 Cars Per Day at Boones Neck Rd SW & Oxpen Rd SW
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth

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

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

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OFFERING MEMORANDUM