68300 County Highway A
Iron River, WI 54847

Fortis Net Lease is pleased to present this corner entry 9,100 SF Dollar General store located in Iron River, WI. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 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 asInvestment Grade. The store is currently under construction, with rent scheduled tocommence on 4/1/2020. This Dollar General is highly visible and is strategically positioned on the hard corner of US Highway 2, which sees 5,608 cars per day, accessible by both Oneida Street and Front Street. The ten mile population from the site is 3,293 while the three mile average household income is $63,969 per year, making this location ideal for a Dollar General. The area is experiencing great growth with the one mile population growth rate at 4.10%. 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 6.50% cap rate based on NOI of $89,900. Instate Broker of Record: Wayne Sobczak | Realty World (Tiffany Real Estate) | License #471-000681