Dollar General
CONTACT US REGARDING THIS LISTING
PROPERTY ADDRESS
1139 Carolina Rd., Suffolk, VA 23434
PROPERTY INFORMATION
Price:
$1,691,083
Cap Rate:
6.35%
Term Remaining:
15 Years
Status:
Closed
INVESTMENT SUMMARY
Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Suffolk, VA. 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.
Currently under construction, the rent is scheduled to commence on 10/28/2016.