Dollar General Plus 530 S 13 Hwy

Investment Highlights

Zero Landlord Responsibilities. 2024 BTS Plus Size Construction | On Main Thoroughfare. Three Mile Household Income $52,424 RARE 5% RENT BUMPS EVERY 5 YEARS! 11,000 VPD on US-13 | Adjacent to the Greene County Sports Complex. Ten Mile Population 25,917

Executive Summary

Fortis Net Lease is pleased to present this new 10,640 SF. Dollar General Plus store located in Snow Hill, North Carolina. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of ?BBB?, which is classified as Investment Grade. The store has completed construction & opened for business in April 2024.024.This Dollar General is highly visible as it is strategically positioned on US-13 which sees 11,000 cars per day, on a main thoroughfare. The ten mile population from the site is 25,917 while the three mile average household income is $52,424 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 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 6.65% cap rate based on NOI of $127,296.Instate Broker of Record: Brian Brockman | Bang Realty

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Retail
• Building Size    10,640
• Building Class    C
• Year Built    2024
• Price    1,914,226
• Price Per SF    180
• Cap Rate    6.65
• NOI    127,296
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.14
• Land Acres    1.72 AC