1205 Broad St
Selma, AL 36701
Dollar General Selma, AL · Retail Property For Sale

Fortis Net Lease is pleased to present this 10,600 SF. Dollar General store located in Selma, AL. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. This store is classified as a relocation store, proving success of Dollar General in the area. Referred to as a PLUS store, this Dollar General is a larger prototype design. 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 10-31-2015. This Dollar General is highly visible as it is strategically positioned at the corner of Voeglin Ave. and Broad St. The five mile population from the site is 25,725 while the one mile average household income $32,139 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 $109,680.