7164 US-19 W, Bryson City, NC 28713 For Sale

Fortis Net Lease is pleased to present this 2021 BTS Dollar General store located in Bryson City, North Carolina. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. There are 10 years left on the primary term. The lease contains 5 (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 & successfully operating since July 2021.

This Dollar General is highly visible as it is strategically positioned with quick and convenient access off of US Highway 19 seeing 8,300 cars per day. The 10 mile population from the site is 13,088 and the 3 mile average household income is $82,122 per year, making this location ideal for a Dollar General. This area is also seeing above average growth in population with the 3 mile population growth rate at 4.45%. 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 6.75% cap rate based on NOI of $116,237.88.