500 Geelan St
Enderlin, ND 58027

Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Enderlin, ND. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The parking lot is full concrete. The lease contains a rare 3% rent increase in year 11, as well as Four (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 7/23/2018. This Dollar General will highly visible and is strategically positioned in Enderlin, ND. The ten mile population from the site exceeds 1,500 while the three mile average household income exceeds $57,500 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 7.0% cap rate based on NOI of $81,504.