Dollar General – Weidman, MI
Fortis Net Lease is pleased to present this brand new 9,100 SF. Dollar General store located in Weidman, Michigan. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 4 (5 Yr.) 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 completed construction and opened for business on7/19/2021.
This Dollar General is highly visible as it is strategically positioned on S Coldwater Road which sees 3,966 cars per day at the intersection of W River Road. The ten mile population from the site is 20,467 while the three mile average household income$85,163 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 5.35% cap rate based on NOI of $91,840.
• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• Brand New 2021 BTS Construction
• Concrete Parking Lot | Now Open!
• 4 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $85,163
• Ten Mile Population 20,467
• 3,966 Cars Per Day at S Coldwater Rd & W River Rd
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth
• Next to Pines Golf Course