- Brand New Absolute NNN Lease
- 15 Year Term | Five (5 Year) Options
- Three Mile Income Exceeds $49,000
- Ten Mile Population Exceeds 8,000
- Corporate Guarantee “BBB”
- Only Investment Grade Dollar Store
- Site Benefits From 4,159 Cars Per Day
Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Gwinn, MI. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease,
leaving zero landlord responsibilities. The lease contains Five (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 rent commenced on 8/15/2016.
This Dollar General is highly visible and is strategically positioned in Gwinn, MI. The Ten mile population from the site exceeds 8,000 while the Three mile median household
income exceeds $49,000 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. List price reflects a 6.65% cap rate based on NOI of $81,333.