Dollar General

Pickens is a small town located in Mississippi, USA, known for its charming rural character and historical significance. Situated in Holmes County in the central part of the state, Pickens is a close-knit community with a population that has remained relatively stable over the years. The town's history is deeply rooted in agriculture, reflecting its agricultural heritage with vast farmlands and open spaces surrounding it. One of the notable landmarks in Pickens is the Pickens United Methodist Church, a historic structure that has been a focal point for the community for generations. The town also hosts various local events and festivals that celebrate its cultural heritage, attracting visitors and fostering a sense of community pride. Despite its small size, Pickens holds a unique charm for those seeking a peaceful, rural lifestyle and an opportunity to experience Mississippi's rich cultural history.Fortis Net Lease is pleased to present this 9,232 SF Dollar General store located in Pickens, MS. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease has remaining 4 (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 & operating successfully since February 2019. This Dollar General is highly visible as it is strategically positioned along US-51 which sees 1,953 vehicles per day. The ten mile population from the site is 5,841 while the ten mile average household income $48,093 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.