pOpshelf with Rent Bumps 4801 Fort Campbell Blvd

Fortis Net Lease is pleased to present this brand new 9,998 SF. pOpshelf store located in Hopkinsville, Kentucky - part of the Hobby Lobby anchored Hopkinsville Towne Center. pOpshelf is Dollar General's newest retail store concept aimed at engaging customers with a fun, affordable and stress-free shopping experience. The property offers a 15 Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years in the primary term and 10% rent increases at each of the four (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 October 2023.
This pOpshelf is highly visible as it is strategically positioned off of Eagle Way (17,466 cars per day) on Fort Campbell Blvd (19,093 cars per day) and is a main retail thoroughfare into downtown Hopkinsville. An outlot in Hopkinsville Towne Center, the tenant make-up includes Hobby Lobby, Burkes Outlet, TJ Maxx, Ross Dress For Less, ULTA Beauty, PetSmart, GNC, Rack Room Shoes, Five Below, Maurices, & Cato Fashions. Hopkinsville Towne Center is a neighborhood shopping center and is only a 45 minute drive to Nashville & 1 mile from The Bruce Convention Center (a 26,000 SF meeting and expo facility) and new Planters Bank-Jennie Stuart Health Sportsplex Hopkinsville (a 54,000 SF climate-controlled indoor sports complex). The five mile population from the site is 31,359 while the two mile average household income is $61, per year, making this location ideal for a pOpshelf store. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a pOpshelf store. List price reflects a 6.65% cap rate based on the NOI of $197,681.04.
Instate Broker of Record: Brian Brockman | Bang Realty