Supersized Dollar General with Bumps 106 9th St

Fortis Net Lease is pleased to present this new 12,480 SF. Dollar General store located in Brodhead, Wisconsin. This supersized property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years including at each of the 5 (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 is currently open & operating successfully with rent having commenced in January 2024.
This Dollar General is highly visible as it is strategically positioned on the signalized corner of 1st Street & E 9th Avenue which sees 7,755 cars per day. It is conveniently located on the north side of town nestled among residential homes. The ten mile population from the site is 14,266 while the three mile average household income $70,800 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 small box retailer. List price reflects a 6.75% cap rate based on NOI of $130,215.96.