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PROPERTY ADDRESS
2918 Clinch St., Richlands, VA 24641
PROPERTY INFORMATION
INVESTMENT SUMMARY
Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Richlands, VA. The property is encumbered with a Fifteen (15)
Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains a rare 3% rent increase in year 11 of the primary term of the
lease, as well as, 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 store is classified as a relocation store, meaning
in 2013 Dollar General relocated from an older, smaller location to this newly constructed building. Proving the success of Dollar General in the
market. The store is open and has been operational at this site since March 2013.