Skip to main content

Discount

Dollar General | 15 Yr Abs Net Lease w/ Rent Increases | 2024 Rare All-Wood Prototype Construction

Water Ridge Pkwy, Wabash (Near Ft. Worth), IN 46992

Listing Price: $1,899,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$178.48
Lease Type
Absolute Net
Rent Per Square Feet
$11.60

Investment Overview

Wabash, Indiana, nestled in the heart of the Hoosier State, boasts a rich tapestry of history, culture, and community spirit. Known as the first electrically lighted city in the world, thanks to the Wabash Light and Power Company in 1880, this vibrant town continues to shine with its blend of small-town charm and modern amenities. Its downtown area is a picturesque scene, lined with historic buildings housing boutiques, eateries, and art galleries, offering a delightful mix of local flavor and creative expression. Wabash is also home to the Honeywell Center, a cultural hub hosting concerts, theater productions, and community events throughout the year. Nature lovers find solace in Paradise Spring Historic Park, where tranquil trails wind through lush greenery and past serene waterways, providing a serene retreat from the hustle and bustle of daily life. With its welcoming atmosphere and rich heritage, Wabash stands as a testament to the enduring spirit of the American heartland.

Investment Highlights

  • 15Yr Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years throughout the Initial Term and 5% at each Option. Brand New 2024 Rare All-Wood Prototype Construction.
  • Ranked #108 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $37.84 Billion.
  • Ranked #108 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $37.84 Billion.
  • Positioned Along Area's Retail and Industrial Corridor. Features Easy Access & Excellent Visibility. Located at a Hard Corner.
  • In Close Proximity to Wabash County Fairgrounds - 20 Acres of Outdoor Space, Parking, and 75,000 Square Feet of Building Space.
  • Minutes from Wabash High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • Near Numerous National Retailers including Walmart Supercenter, Kroger, Dunham Sports, J & K's Mega Pet! and many more.
  • Less than a Mile from Parkview Wabash Hospital - the Facility offers Medical, Surgical, Constant Care, 24-Hour ER, Patient Care including for Trauma and more.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Discount

Dollar General | 15 Yr Abs Net Lease w/ Rent Increases | 2024 Rare All-Wood Prototype Construction

Listing Price: $1,899,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$178.48
Lease Type
Absolute Net
Rent Per Square Feet
$11.60

Investment Highlights

  • 15Yr Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years throughout the Initial Term and 5% at each Option. Brand New 2024 Rare All-Wood Prototype Construction.
  • Ranked #108 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $37.84 Billion.
  • Ranked #108 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $37.84 Billion.
  • Positioned Along Area's Retail and Industrial Corridor. Features Easy Access & Excellent Visibility. Located at a Hard Corner.
  • In Close Proximity to Wabash County Fairgrounds - 20 Acres of Outdoor Space, Parking, and 75,000 Square Feet of Building Space.
  • Minutes from Wabash High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • Near Numerous National Retailers including Walmart Supercenter, Kroger, Dunham Sports, J & K's Mega Pet! and many more.
  • Less than a Mile from Parkview Wabash Hospital - the Facility offers Medical, Surgical, Constant Care, 24-Hour ER, Patient Care including for Trauma and more.

Investment Overview

Wabash, Indiana, nestled in the heart of the Hoosier State, boasts a rich tapestry of history, culture, and community spirit. Known as the first electrically lighted city in the world, thanks to the Wabash Light and Power Company in 1880, this vibrant town continues to shine with its blend of small-town charm and modern amenities. Its downtown area is a picturesque scene, lined with historic buildings housing boutiques, eateries, and art galleries, offering a delightful mix of local flavor and creative expression. Wabash is also home to the Honeywell Center, a cultural hub hosting concerts, theater productions, and community events throughout the year. Nature lovers find solace in Paradise Spring Historic Park, where tranquil trails wind through lush greenery and past serene waterways, providing a serene retreat from the hustle and bustle of daily life. With its welcoming atmosphere and rich heritage, Wabash stands as a testament to the enduring spirit of the American heartland.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

MM Texture Background
MM Textured Background Lower