Dollar General 95 S Main St

Fortis Net Lease is pleased to present this 9,191 SF Dollar General store located in Avoca, NY. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. 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 January 2017. This Dollar General is highly visible as it is strategically positioned along S Main Street which sees 3,932 vehicles per day. The ten mile population from the site is 17,436 while the ten mile average household income is $59,834 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.