Dollar General 2301 Route 37

Fortis Net Lease is pleased to present this 9,219 SF Dollar General store located in Fort Covington, NY. 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 August 2015. This Dollar General is highly visible as it is strategically positioned along NY-37 which sees 4,231 vehicles per day. The ten mile population from the site is 8,493 while the ten mile average household income $58,962 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.