23 Highway 12 East
Bowman, ND 58623

Fortis Net Lease is pleased to present this 9,002 SF. Dollar General store located in Bowman, North Dakota. The property offers a Fifteen (15) Year, Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 4 (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. This Dollar General is highly visible as it is strategically positioned off of US-12 (seeing 4,700 VPD) near Highway 85 (seeing 3,930 VPD). The ten mile population from the site is 2,255 while the three mile average household income $81,508 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 6.80% cap rate based on NOI of $99,888. Instate Broker of Record: Jeff Lunnen | Lunnen Real Estate Services | License #9171