Dollar General Market 704 Ohio St 14,285 SF Retail Building Brookport, IL 62910 $1,454,772 ($101.84/SF) 6.35% Cap Rate

Fortis Net Lease is pleased to present this 2022 BTS, 12,668 SF. Dollar General Market store located in Brookport, Illinois. The property offers a 15 year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains five (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 opened for business in October 2022.
This Dollar General is highly visible as it is strategically positioned on the corner of E 7th Street and Ohio Street which sees 5,075 cars per day,and is on the Illinois/Kentucky state border. This being a DG Market store shows Dollar General's commitment & Confidence to this market area. The five-mile population from the site is 23,535 and the one mile average household income is $53,471 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 6.35% cap rate based on NOI of $92,377.56.