Dollar General 4222 Hickory Hill Rd

Fortis Net Lease is pleased to present this 2024 BTS, 10,640 SF. ALL BRICK Dollar General Plus store located in Memphis, Tennessee. The property offers 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 3 (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 been open & operating successfully since January 2024.
This Dollar General is highly visible as it is strategically positioned on Hickory Hill Road (19,531 cars per day), near the signalized corner of E Raines Road (13,093 cars per day) & adjacent to Family Dollar. Sitting only 8 miles from the Memphis International Airport, this store is surrounded by residential homes, industrial, and retail. The five mile population from the site is 182,695 while the one mile average household income is $58,617 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 6.55% cap rate based on NOI of $ 111,500.04.
Instate Broker of Record: Brian Brockman | Bang Realty