Dollar General – Wesley, AR

$1,669,165
Price
$85,962
Noi
5.15%
Cap Rate
9,026
Leasable Area
2020
Year Built

Fortis Net Lease is pleased to present this 9,026 SF. Dollar General store located in Wesley, Arkansas. 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 has been open and operating successfully since December of 2020.

This Dollar General is highly visible as it is strategically positioned on AR-74 which sees 2,200 cars per day. The ten mile population from the site is 21,090 while the three mile average household income is $64,123 per year, making this location ideal for a Dollar General. This area is also experiencing great growth with the five mile population growth rate at 8.34%. 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 5.15% cap rate based on NOI of $85,962

INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 2020 BTS Construction
• On Main Thoroughfare | Across From Gas Station
• 5 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $64,123
• Ten Mile Population 21,090
• 5 Mile Population Growth Rate 8.34%
• 2,200 Cars Per Day on AR-74
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth
• No Competition Within 6+ Miles

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