Dollar General 607 E Broad St

Fortis Net Lease is pleased to present this 9,014 SF Dollar General store located in Jonesboro, IL. The property is secured with a Double Net (NN) Lease that commenced in 2007 and which was extended early by an additional 7 years.  There are now just under 10 years on the guaranteed lease term. The lease has 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 May 2007. This Dollar General is highly visible as it is strategically positioned along E Broad Street which sees 10,333 vehicles per day. The ten mile population from the site is 15,773 while the ten mile average household income is $68,836 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 obtain 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.