Dollar General – Winter Haven, FL
INVESTMENT OFFERING
Fortis Net Lease is pleased to present this 9,100 SF. upgraded Dollar General store located in Winter Haven, Florida. The property is encumbered with 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 is finishing construction, with rent commencing in March 2019.
This Dollar General is highly visible as it is strategically positioned on the corner of 18th Street SE and Dundee Road, which has 15,300 cars per day. The five mile population from the site is 96,883 while the two mile average household income is $68,720 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 a 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.
INVESTMENT HIGHLIGHTS
• Absolute NNN Lease | Zero Landlord Responsibilities
• Brand New Upgraded Construction | Hard Corner Location
• 15 Year Term / 4 (5 Year) Options
• Two Mile Household Income $68,720
• Five Mile Population 96,883
• 15,300 Cars Per Day on Dundee Road an 18th Street SE
• Investment Grade Dollar Store with “BBB” Credit Rating
• Dollar General Reported 28 Consecutive Quarter of Same Store Sales Growth
• High Growth Rate – 2 mile 10.36%
• 0.5 Miles From Elbert Elementary With Over 790 Students
• 1.5 Miles From Polk State College With Over 15,600 Students Enrolled
Instate Broker of Record: Michael Houghton | Oak Realty Advisors | License # 3157275