Dollar General – Wabeno, WI
Fortis Net Lease is pleased to present this new 9,100 SF. Dollar General store located in Wabeno, Wisconsin. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 4 (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 currently open with rent having commenced in March of 2022.
This Dollar General is highly visible as it is strategically positioned on N Branch Street which sees 3,299 cars per day. The ten mile population from the site is 3,518 while the three mile average household income $56,895 per year, making this location ideal for a Dollar General. This is the only dollar store serving the community with no competition within 9+ miles. The Subject offering represents an ideal opportunity for a 1031exchange 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 5.55% cap rate based on NOI of $91,450.
• New 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• 2022 BTS Construction | Opened in March 2022
• 4 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $56,985
• Ten Mile Population 3,518 and Growing
• 3,299 Cars Per Day on N Branch Street
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 32 Consecutive Quarters of Same Store Sales Growth
• Located on Main Thoroughfare | Next to Wabeno High School
• The Only Dollar Store Serving the Community
• No Competition Within 9+ Miles