Dollar General Plus

8300 Camby Road, Camby, IN 46113

$2,222,760

Cap Rate 6.50%

Views: 191 DOM: 98 Updated: 09.15.24 Posted: 06.10.24 Status: Active

Summary

Price $2,222,760	Built/Renov 2024	Tenant Dollar General Plus
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,566	Lease Start 08-15-2024	#Units 19,986
Price/SF $210.37	Expiration 08-31-2039	Tenant Type Dollar/Discount
NOI $144,479	R. Term 14.11	Ownership Fee Simple
Rent/SF $13.67	Increases 5.0%/5/yrs	Pop 5Mi 61,649
Lot/AC 1.48	Options 5/5yrs/5%	AHHI 5Mi $78,755

Bryan Bender

Fortis Net Lease

Contact

Lease Highlights

2024 BTS Plus size construction | Upgraded architectural design
Brand new 15-year lease with 5 (5-year) options to extend
The lease features 5% rental increases every 5 years
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located near the signalized, hard corner intersection of Camby Road and Kentucky Avenue which sees a combined count of 39,289 vehicles passing by daily. The property is adjacent to a shopping center with tenants such as Dunkin Donuts, Papa John's Pizza, Big Red Liquors, and more. Across the street is a Circle K, and residential homes surround the site....

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Key Features

New construction
Signalized intersection
Strong tenant synergy
Highway close
Top 100 MSA
Long 15+ yr lease
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Marion County, Indiana Zip Code 46113 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corp.
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning supplies,...

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Listing Broker

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