- Brand New Absolute NNN Lease
- 3% Bump in Year 11
- Zero Landlord Responsibilities
- 15 Year Term | Four (5 Year) Options
- One Mile Household Income $48,214
- Five Mile Population Exceeds 1,726
- Highly Visible From US Highway 50
- Only Investment Grade Dollar Store
Fortis Net Lease is pleased to present this 7,489 SF Dollar General store located in Peabody, KS. The property is encumbered with a Fifteen (15) Year Absolute NNN
Lease, leaving zero landlord responsibilities. The Lease contains a 3% bump in year of 11 of the term. 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 store is open, with rent having commenced on 6/23/2017.
This Dollar General will highly visible and is strategically positioned in Peabody, KS. The five mile population from the site exceeds 1,700 while the one mile median
household income exceeds $48,000 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 7.00% cap rate based on NOI of $74,712.