1717 Lake Land Blvd, Mattoon, IL 61938

Fortis Net Lease is pleased to present this brand new 10,566 SF. Dollar General Plus store located in Mattoon, Illinois. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities.

The lease contains a 5% rent increases every 5 years during the primary term

and 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 is starting construction with an opening & rent start date on track for January 2024.

This Dollar General Market is highly visible as it is strategically positioned on the main North-South thoroughfare of Lake Land Blvd. which sees 8,108 cars per day. The ten mile population from the site is 19,233 while the five mile average household income$62,072 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 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 6.25% cap rate based on NOI of $140,213.