Dollar General – Webster, WI
Fortis Net Lease is pleased to present this new 10,640 SF. Dollar General Plus store located in Webster, 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 has been open & operating successfully since November 2022.
This Dollar General is highly visible as it is strategically positioned on Co Road A and is the only dollar store within 16+ miles! It is surrounded by lakes & resorts where many tourists visit throughout the year. The ten mile population from the site is 5,939 while the three mile average household income $72,199 per year, making this location ideal for a Dollar General. This area of WI is seeing explosive growth with the 3 mile population growth rate at 17.37%! 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 6.40% cap rate based on NOI of $98.795.
INVESTMENT HIGHLIGHTS
• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• The Only Dollar Store Serving the Community
• Limited Competition Area | Nearest Dollar Store 16+ Miles Away
• 2022 BTS Plus Size Construction
• 4 (5 Year) Options | 10% Increases At Each Option
• 3 Mile Household Income $72,199
• 10 Mile Population 5,939 | Expected 13.55% Growth
• Explosive Growth Area | 3 Mile Population Growth Rate 17.37%
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 32 Consecutive Quarters of Same Store Sales Growth
• On Main Thoroughfare in Popular Tourist Area
Instate Broker of Record: Brian Brockman | Bang Realty, Inc.