Description

Fortis Net Lease is proud to offer a brand-new 12,668 SF Dollar General Market located in Smithton, IL. These Market-format stores provide fresh produce and meats, making them an essential resource for the communities they serve. The property is backed by a 15-year Absolute NNN Lease, ensuring zero landlord obligations. The lease includes 5% rent increases every five years, applying both during the initial term and throughout each of the five, 5-year renewal options. It is corporately guaranteed by Dollar General Corporation, which carries a “BBB” Investment Grade credit rating. The store is currently under construction and scheduled to open and begin rental payments in early Q3.