Hwy 12 & Main St
Groton, SD 57445

Fortis Net Lease is pleased to present this 9,026 SF Dollar General store located in Groton, SD. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains a rare 3% rent increase in year eleven. 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. Currently under construction, the rent is scheduled to commence on 12/20/2016. This Dollar General will be highly visible and as it is strategically positioned in Groton, SD. The ten mile population from the site exceeds 2,000 while the three mile average household income exceeds $69,000 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 6.75% cap rate based on NOI of $85,944.