25364 485th Ave
Garretson, SD 57030

Fortis Net Lease is pleased to present this 9,002 SF Dollar General store located in Garretson, SD. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains a rare 3% rent increase in year 11 of the primary term. 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. Construction is under way, with the rent commencing on 7/10/2017. This Dollar General is highly visible as it is strategically positioned in Garretson, SD. The ten mile population from the site exceeds 16,500 while the one mile median household income exceeds $75,500 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 a 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 6.75% cap rate based on NOI of $77,244.