Dollar General 830 27th Ave 9,026 SF Retail Building Vero Beach, FL 32968 $2,000,000 ($221.58/SF) 6.80% Cap Rate

Fortis Net Lease is pleased to present this 9,026 SF. Dollar General store with an upgraded exterior design located in Vero Beach, Florida. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities and having 4 years left on the primary term. The lease contains 4 (5 year) options to renew, each with a 10%
increase. 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 successfully opened for business since June 2014.
This Dollar General is highly visible as it is strategically positioned off of 27th Avenue SW which sees 13,200 cars per day, just north of the signalized intersection at Oslo Road seeing 20,500 cars per day. The 5 mile population from the site is 93,769 while the 1 mile average household income is $76,871 per year, making this location ideal for a Dollar General. This area is experiencing great growth with the 5 mile population growth rate at 13.29%. 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 small box discount retailer. List price reflects a 6.80% cap rate based on the initial NOI of $135,900.