647 Main St
Middleport, OH 45760

Fortis Net Lease is pleased to present this 8,320 SF Family Dollar store, located in Rutland, OH. The property is encumbered with a Ten (10) Year NN Lease with approximately 9.5 years remaining. The NN lease structure leaves minimal landlord responsibilities. The lease contains Four (4), 5-Year options, each with a 5% rental rate increase. The lease is corporately guaranteed by Family Dollar which was upgraded to investment grade credit in March 2018 (S&P: BBB-). This Family Dollar store is strategically located in Rutland, OH. With limited mobility due to the topography of southern Ohio, this store serves as a much needed grocer to the immediate area and saves area residents a drive into Middleport, OH. The lack of national retail competition increases the need of this store to the locals. The population within a five mile radius is greater than 4,772, with the average household income within a one mile radius exceeding $47,600. This investment will offer a new owner continued success due to the financial strength and the proven profitability of Family Dollar in rural markets.