Dollar General

407 East Forest Home Street, Roachdale, IN 46172

$1,826,030

Cap Rate 6.90%

Views: 49 DOM: 90 Updated: 11.04.24 Posted: 08.23.24 Status: Active

Summary

Price $1,826,030	Built/Renov 2024	Tenant Dollar General
Cap Rate 6.90%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 9,100	Lease Start 11-01-2024	#Units 19,986
Price/SF $200.66	Expiration 10-31-2039	Tenant Type Dollar/Discount
NOI $125,996	R. Term 14.11	Ownership Fee Simple
Rent/SF $13.85	Increases 5.0%/5/yrs	Pop 5Mi 3,451
Lot/AC 1.50	Options 5/5yrs/5%	AHHI 5Mi $80,782

Bryan Bender

Fortis Net Lease

Contact

Lease Highlights

Brand-new 2024 construction
New 15-year lease with 5 (5-year) options to extend
5% rental increases every 5 years throughout the primary term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on E Forest Home Street, with access to 1,800 vehicles passing by daily. The property serves as the only dollar store in the community, with the nearest competitor 9 miles away. The 5-mile trade area supports a population of 3,451 residents with an average household income of $80,782. Roachdale is a town in Franklin and Jackson townships, Putnam County,...

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Key Features

New construction
Build to suit
Strategically located
Top 100 MSA
Brand new lease
Long 15+ yr lease
Absolute NNN
Limited competition
Traded and rated company
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Roachdale, Indiana Zip Code 46172 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# 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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