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Views: 49 DOM: 37 Updated: 12.12.24 Posted: 11.19.24 Status: Contract 12.12.24

Summary

Price $1,000,000
Built/Renov 2009
Tenant Dollar General
Cap Rate 8.25%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 05-01-2016
#Units 19,986
Price/SF $109.89
Expiration 05-31-2026
Tenant Type Dollar/Discount
NOI $82,500
R. Term 1.5
Ownership Fee Simple
Rent/SF $9.07
Increases 10.0%/1/yrs
Pop 5Mi 11,002
Lot/AC 0.96
Options 5/5yrs/10%
AHHI 5Mi $105,975

Lease Highlights

  • 1+ year remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 10% rental increases at the beginning of each option
  • NN lease | Landlord responsible for roof & structure, parking lot replacement
  • Tenant responsible for HVAC, pylon sign, interior non-structural | Tenant pays fixed parking lot CAM fee of $3,696
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located near the intersection of IN-42 and IN-39, which sees a combined daily traffic count of 8,570 vehicles, and just 1.5 miles from I-70, with 64,430 vehicles per day. The site is positioned across from Fischer Homes’ new Eagle Lakes development featuring 82 paired patio homes and less than half a mile from DR Horton’s Homestead development with 75...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


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Listing Broker

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