Dollar General 407 E Forest Home St

Fortis Net Lease is pleased to present this brand new 9,100 SF. Dollar General store located in Roachdale, Indiana - part of the Indianapolis Market! The property offers a 15 Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rent 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 will finish construction and will successfully open for business in December 2024.
This Dollar General is highly visible as it is strategically positioned on E Forest Home Street seeing 1,880 cars per day. It is the only dollar store serving the community with the next being 9 miles away. The 10 mile population from the site is 13,247 and the 3 mile average household income is $71,659 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 dollar store. List price reflects a 6.90% cap rate based on the NOI of $125,996.04.