Dollar General Plus 126 E Main St

Fortis Net Lease is pleased to present this 7,500 SF Dollar General store located in Palmyra, Wisconsin. The property is secured with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years including at each of the Five (5 year) 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 has been open & operating successfully since November 2022.
This Dollar General is highly visible and is strategically positioned on E Main Street which sees 4,708 cars per da, in between 2 gas stations. The ten mile population from the site is 38,891 while the three mile average household income is $83,075 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 largest small box retailer. List price reflects a 6.75% cap rate based on NOI of $87,999.96.