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PROPERTY/LOT
IMMEDIATE LOCATION
AREA LOCATION
TENANT ATTRIBUTES
INVESTMENT/GUARANTOR
DOM: 345 Updated: 12.12.24 Posted: 11.20.24 Status: Active    

Summary

Price $895,000
Built/Renov 2009
Tenant Dollar General
Cap Rate 8.39%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,014
Lease Start 07-01-2009
#Units 19,986
Price/SF $99.29
Expiration 06-30-2030
Tenant Type Dollar/Discount
NOI $75,072
R. Term 4.8
Ownership Fee Simple
Rent/SF $8.33
Increases 4.8%/5/yrs
Pop 5Mi 5,044
Lot/AC 0.00
Options 4/5yrs/10%
AHHI 5Mi $66,211

Highlights

  • 5+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features a rental increase of 4.77% in the 1st option | 10% at each remaining option
  • NN lease | Minimal landlord responsibilities
  • Corporate guarantee (NYSE: DG)
  • Investment grade tenant (S&P: BBB)

Location Description

Dollar General is strategically located near the signalized, hard-corner intersection of IN-57 and IN-64, with a combined daily traffic count of 15,732 vehicles and just 1.4 miles from Interstate 69, which sees 31,471 vehicles per day. The site features a concrete parking lot and a pitched metal roof. According to Placer.ai, it is a strong performer, with estimated sales ranking in the top 35%...

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Maps

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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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Demographics

  1 Miles 3 Miles 5 Miles
2030 Total Population : 575 3,625 5,227
2025 Total Population : 573 3,630 5,233
2025 Employed Civilian Pop : 318 1,857 2,695
2025 Total Businesses : 54 144 178
2025 Average Household Income : $ 88,871 $ 81,079 $ 83,866
2025 Total Consumer Spending : $ 22 M $ 100 M $ 150 M
2025 Median Age : 45 41 42
2025 Total Households : 282 1,384 2,011
2025 Pop Age 25+: Bachelor's Degree : 39 264 433
2025 Average Home Value : $ 183,643 $ 174,305 $ 195,279
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Road 57 North St 2021 2,923 0.05 mi
State Road 57 2019 3,332 0.05 mi
2019 6,343 0.10 mi
Co Rd 200 S 2021 5,485 0.11 mi
2019 7,616 0.16 mi
State Road 57 Pleasant View Apartments 2018 2,980 0.32 mi
State Road 57 State Rd 64 2021 2,923 0.32 mi
County Road 200 South Co Rd 1150 E 2021 687 0.41 mi
State Road 57 County Rd850 E 2021 2,141 0.48 mi
SR 64 State Rd 64 2021 4,758 0.63 mi

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