7879 Moody Pky
Odenville, AL 35120

Fortis Net Lease is pleased to present this 9,026SF. Dollar General store located in Odenville, AL. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5 (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 open, with rent having commenced on 5/31/2015. This Dollar General is highly visible as it is strategically positioned on Moody Parkway. The five mile population from the site is 24,196 while the one mile average household income $75,183 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 6.85% cap rate based on NOI of $81,711.