Fortis Net Lease is pleased to present this 9,100 SF. Dollar General store located in
Sandston, VA. 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 3/31/2015.
This Dollar General is highly visible as it is strategically positioned on E Williamsburg Rd.
The five mile population from the site is 63,794 while the one mile average household
income $62,794 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 6.15% cap
rate based on NOI of $95,003.
