All Brick Dollar General Plus

Welcome to Memphis, where the soulful rhythms of the Mississippi River set the heartbeat of this vibrant city. Nestled in the southwestern corner of Tennessee, Memphis is a musical mosaic, echoing the melodies of blues, soul, and rock 'n' roll that have shaped its rich cultural tapestry. As you stroll down Beale Street, the historic heart of Memphis, you'll feel the echoes of legendary musicians like B.B. King and Elvis Presley reverberating through the neon-lit blues clubs and vibrant street art. The aroma of barbecue wafts through the air, tempting your taste buds with the city's signature flavors. Wander along the riverfront and take in the majestic views of the Mississippi, where steamboats and barges navigate the mighty waters. Mud Island River Park offers a unique opportunity to walk on a scaled-down model of the river, providing an immersive experience of the city's waterways. Immerse yourself in history at the National Civil Rights Museum, located at the Lorraine Motel where Dr. Martin Luther King Jr. took his last breath. The museum traces the struggles and triumphs of the civil rights movement, inviting reflection on the path to justice and equality. For a dose of nature, head to Shelby Farms Park, one of the largest urban parks in America. With its expansive green spaces, lakes, and trails, it's a haven for outdoor enthusiasts and a refreshing escape from the urban hustle. Memphis is a city that pulsates with energy, where the past and present converge in a harmonious blend. Whether you're drawn to its musical roots, historical significance, or the warmth of its people, Memphis welcomes you with open arms and a rhythm that's bound to get under your skin.Fortis Net Lease is pleased to present this 2024 BTS, 10,640 SF. ALL BRICK Dollar General Plus store located in Memphis, Tennessee. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% 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 has been open & operating successfully since January 2024. This Dollar General is highly visible as it is strategically positioned on Hickory Hill Road (19,531 cars per day), near the signalized corner of E Raines Road (13,093 cars per day) & adjacent to Family Dollar. Sitting only 8 miles from the Memphis International Airport, this store is surrounded by residential homes, industrial, and retail. The five mile population from the site is 182,695 while the one mile average household income is $58,617 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 6.55% cap rate based on NOI of $ 111,500.04.