- Absolute NNN Lease
- Proven Relocation Site
- 15 Year Term | Five (5 Year) Options
- Three Mile Household Income $31,455
- Ten Mile Population Exceeds 5,100
- Zero Landlord Responsibilities
Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Winona, MO. 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 classified as a relocation
store, meaning Dollar General has proven success in the market. 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 4/12/2016.
This Dollar General is highly visible and as it is strategically positioned in Winona, MO. The ten mile population from the site exceeds 5,100 while the three mile average
household income exceeds $31,450 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 6.85% cap rate based on NOI of $73,725.