2265 Statesville Blvd
Salisbury, NC 28147
Dollar General · Retail Property For Sale

Fortis Net Lease is pleased to present this 9,100 SF. upgraded Dollar General RELOCATION store located in Salisbury, North Carolina. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 4 (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 currently under construction with rent scheduled to commence in May 2020. This Dollar General is highly visible as it is strategically positioned on the corner of Lash Drive and Statesville Blvd (Highway 70) which sees 16,942 cars per day. The five mile population from the site is 47,142 while the one mile average household income $49,765 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 6.0% cap rate based on NOI of $119,988. Instate Broker of Record: James Wilson | Pulliam Properties | License # C3903