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Dollar General

205 E Main St, Mount Summit, IN 47361

Listing Price: $1,325,000

Cap Rate
5.81%
Tenant Name
Dollar General
Years Remaining On Lease
8.0
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Absolute Net
Rent Per Square Feet
$8.54

Investment Overview

The subject property is a new 9,026-square foot Dollar General located in Mount Summit, Indiana. Dollar General signed a 15-year absolute net lease in 2015. The lease provides for 10-percent rent increases between each of the five, five-year renewal options. Dollar General, which is publicly traded on the New York Stock Exchange under the ticker symbol “DG,” has a current “BBB-” credit rating by Standard & Poors. The subject property features excellent visibility and easy access along Highway 36, a multistate highway which connects to the city of Indianapolis. The site is easily accessible from all areas of the town. Nearby properties include a Marathon gas station, the Town Hall, Churches, and a Warehouse Complex. Mount Summit is situated about 50 miles east of the heart of Indianapolis. A post office has been in operation in Mount Summit since 1869.

Investment Highlights

  • Absolute Net - No Landlord Responsibilities
  • Investment Grade Credit - "BBB-" Rating by Standard & Poors
  • Easy Access and Excellent Exposure Along Main Thoroughfare which Connects to Indianapolis

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Discount

Dollar General

Listing Price: $1,325,000

Cap Rate
5.81%
Tenant Name
Dollar General
Years Remaining On Lease
8.0
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Absolute Net
Rent Per Square Feet
$8.54

Investment Highlights

  • Absolute Net - No Landlord Responsibilities
  • Investment Grade Credit - "BBB-" Rating by Standard & Poors
  • Easy Access and Excellent Exposure Along Main Thoroughfare which Connects to Indianapolis

Investment Overview

The subject property is a new 9,026-square foot Dollar General located in Mount Summit, Indiana. Dollar General signed a 15-year absolute net lease in 2015. The lease provides for 10-percent rent increases between each of the five, five-year renewal options. Dollar General, which is publicly traded on the New York Stock Exchange under the ticker symbol “DG,” has a current “BBB-” credit rating by Standard & Poors. The subject property features excellent visibility and easy access along Highway 36, a multistate highway which connects to the city of Indianapolis. The site is easily accessible from all areas of the town. Nearby properties include a Marathon gas station, the Town Hall, Churches, and a Warehouse Complex. Mount Summit is situated about 50 miles east of the heart of Indianapolis. A post office has been in operation in Mount Summit since 1869.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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