Dollar General 2248 Simpson 28 W hwy

Fortis Net Lease is pleased to present this 9,139 SF Dollar General store located in Pinola, MS. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease has remaining 4 (5 year) 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 has been open & operating successfully since February 2021. This Dollar General is highly visible as it is strategically positioned at the intersection of Johnny Bush Road and Highway 28 which sees 2,710 vehicles per day. The ten mile population from the site is 7,354 while the ten mile average household income $63,859 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.