Dollar General in Gaylord MI 10464 Old US 27 S Hwy 10,640 SF Retail Building Gaylord, MI 49735 $3,215,512 CAD ($302.21 CAD/SF) 6.70% Cap Rate

Fortis Net Lease is pleased to present this 2025 BTS 10,640 SF. Dollar General Plus store located in Gaylord, Michigan. 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 is currently under construction with opening & rent start on track for August 2025.
This Dollar General is highly visible as it is strategically positioned off of Old US Highway 27 S in a limited competition area with the next dollar store over 7 miles away. The 10 mile population from the site is 14,950 and the 3 mile average household income is $72,196 per year, making this location ideal for a Dollar General. This is a high growth area with the 3 mile population growth rate at 9.16%! 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 6.70% cap rate based on NOI of $154,335.