Dollar General

CONTACT US REGARDING THIS LISTING

Bryan Bender

Partner & Managing Director

PROPERTY ADDRESS

10th St & US 27, Moore Haven, FL 33471

PROPERTY INFORMATION

Price:
$2,075,951
Cap Rate:
6.125%
Term Remaining:
15 years Years
Year Built:
2017

INVESTMENT HIGHLIGHTS

  • Brand New Absolute NNN Lease
  • Zero Landlord Responsibilities
  • Relocation PLUS | Proven Success
  • 15 Year Term | Four (5 Year) Options
  • One Mile Household Income $33,784
  • Five Mile Population Exceeds 4,000
  • 7.46% Growth Expected in One Mile

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present this 10,566 SF Dollar General store located in Moore Haven, FL. The property is encumbered with a Fifteen (15) Year Absolute
NNN Lease, leaving zero landlord responsibilities. The lease contains Four (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 is scheduled to commence on 12/15/2017.

This Dollar General will highly visible and is strategically positioned in Moore Haven, FL. The five mile population from the site exceeds 4,000 while the one mile median
household income exceeds $33,784 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 5.85% cap rate based on NOI of $127,152.