pOpshelf (Dollar General) Portfolio
Fortis Net Lease is pleased to present this attractive pOpshelf portfolio, with 3 sites in Kentucky and 1 in Oklahoma. pOpshelf is Dollar General’s newest retail store concept aimed at engaging customers with a fun, affordable and stress-free shopping experience. All 4 stores were built in 2023. Each is secured with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. All locations have 4 (5 Year) options to renew, each with a 10% rental rate increase. The leases are corporately guaranteed by Dollar General Corporation which holds an S&P credit rating of “BBB” and is classified as Investment Grade. All 4 stores are now open for business!
The portfolio benefits from long term NNN Leases, new construction BTS buildings, and corporate Guaranty from Dollar General – an investment grade tenant with over 19,000 locations. The 3 mile household income average coming in at $73,598. The average 5 mile population is 65,498 and all have high traffic counts! The new owner will see continued success in owning a portfolio of pOpshelf branded Dollar General stores, the #1 Dollar Store in the Country!
INVESTMENT HIGHLIGHTS
• Extremely Attractive 4 Store pOpshelf Portfolio
• 3 Stores in Kentucky & 1 Store in Oklahoma
• Located in Dense Retail & Development Areas
• Dollar General’s Newest Retail Concept! | NOW OPEN!
• 15 Yr. Absolute NNN Leases | All Plus Size Stores!
• New Construction | 2023 BTS Upgraded Construction
• Dollar General Corporate Guarantee | BBB Credit Rating
• Average 3 Mile Household Incomes Ideal at $73,598
• Average 5 Mile Population at 65,498
• All Leases Equipped with 4 (5 Year) Options with 10% Bumps
• Investment Grade Tenant | 19,000+ Locations
Broker of Record: Brian Brockman | Bang Realty