8823 W Pine St 8 640 pi² Commerce de détail Immeuble Lowgap, NC 27024 1 766 037 $ CAD (204,40 $ CAD/pi²) 7,20% Taux de capitalisation

Fortis Net Lease is pleased to present this 2026 retrofit Dollar General store located in Lowgap, North Carolina. The property offers a Ten (10) Year Double Net (NN) Lease, leaving minimal landlord responsibilities (Tenant pays base rent, property taxes, insurance, limited CAM/parking). The lease contains 8% rental rate increases every 5 years including at each of the 3 (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 rent start & store opening on track for May 2026.
This Dollar General is highly visible as it is strategically positioned on W Pine Street seeing 3,725 cars per day & is the only dollar store serving the community. The site is nestled amongst residential homes making it a crucial stop for the area. The 10 mile population from the site is 20,924 while the 3 mile average household income is $61,784 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 7.20% cap rate based on NOI of $91,452.