10608 S Dixie Hwy
Erie, MI 48133

Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Erie, MI. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Five (5) Yr. Options to renew, each with a 10% rental rate 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 is under construction, with rent scheduled to commence on 12/10/ 2018. This Dollar General will be highly visible as it is strategically positioned at the corner of S Dixie Hwy and Luna Pier Rd in Erie, MI. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a brand new 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 6.80% cap rate based on NOI of $89,998.