Dollar General Market 685 I-75BL Loop

Fortis Net Lease is pleased to present this new 12,480 SF. Dollar General Market store located in Grayling, Michigan. Dollar General Market stores sell produce and fresh meats and are a necessary addition to the areas they serve. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years including at each of the 5 (5 year) options to renew! The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store completed construction & successfully opened for business in August 2024.
This Dollar General Market is highly visible as it is strategically positioned on I-75 Business Loop which sees 5,062 cars per day. There is quick and easy access to I-75 which sees 14,958 cars per day. It sits directly across from Grayling Army Air Force Base. The 10 mile population from the site is 10,148 while the 3 mile average household income is $63,825 per year, making this location ideal for a Dollar General. This area is seeing great growth with the 10 mile population growth rate at 6.82%. 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 small box discount retailer. List price reflects a 6.70% cap rate based on NOI of $138,632.04.