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Dollar General

7219 S. S.R. 10, Knox, IN 46534

Listing Price: $1,667,000

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
10,566
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.46

Investment Overview

2023 BUILD TO SUIT 10,566 SF DOLLAR GENERAL • New 10,566 SF build to suit construction Dollar General located in Knox, IN. • This store is currently under construction and will deliver in January 2023. NEAR SOUTH BEND • Knox is located less than 1 hour SW of South Bend, IN. • South Bend is the fourth largest city in Indiana with an estimated population of over 101,735, serving as the economic and cultural hub of Northern Indiana. • Home to the University of Notre Dame with a total student population of 12,393, in addition to several colleges and universities. • The following companies all have corporate headquarters in South Bend: AM General, Crowe Horwath, Martin’s Super Markets, and Schurz Communications. • South Bend is located in St. Joseph county and is the county seat. KNOX • Knox is the county seat of Starke County and is located in North Indiana 1 hour outside of South Bend. • This Dollar General is located on Hwy 35 (7,760 VPD) on Bass Lake, which is the third largest natural lake in Indiana. • National Retail in Knox includes Tractor Supply, McDonald’s, Walgreens, Save A Lot, Advance Auto Parts, and more. • Starke County Airport is home to iFLY Indiana Powered Paragliding which is one of the best paragliding schools in the county providing instruction, gear and service to the Powered Paragliding community. NEW 15-YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN Lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, parking lot, roof, and structure. • There are 10% rent increases in each of the Five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 18,600 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion.

Investment Highlights

  • New 10,566 SF BTS Dollar General |Jan 2023 Delivery
  • Hour South of South Bend, IN
  • Knox is a County Seat
  • 15-Year Corporate NNN Lease
  • Investment Grade Tenant| 18,600+ Locations

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Discount

Dollar General

Listing Price: $1,667,000

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
10,566
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.46

Investment Highlights

  • New 10,566 SF BTS Dollar General |Jan 2023 Delivery
  • Hour South of South Bend, IN
  • Knox is a County Seat
  • 15-Year Corporate NNN Lease
  • Investment Grade Tenant| 18,600+ Locations

Investment Overview

2023 BUILD TO SUIT 10,566 SF DOLLAR GENERAL • New 10,566 SF build to suit construction Dollar General located in Knox, IN. • This store is currently under construction and will deliver in January 2023. NEAR SOUTH BEND • Knox is located less than 1 hour SW of South Bend, IN. • South Bend is the fourth largest city in Indiana with an estimated population of over 101,735, serving as the economic and cultural hub of Northern Indiana. • Home to the University of Notre Dame with a total student population of 12,393, in addition to several colleges and universities. • The following companies all have corporate headquarters in South Bend: AM General, Crowe Horwath, Martin’s Super Markets, and Schurz Communications. • South Bend is located in St. Joseph county and is the county seat. KNOX • Knox is the county seat of Starke County and is located in North Indiana 1 hour outside of South Bend. • This Dollar General is located on Hwy 35 (7,760 VPD) on Bass Lake, which is the third largest natural lake in Indiana. • National Retail in Knox includes Tractor Supply, McDonald’s, Walgreens, Save A Lot, Advance Auto Parts, and more. • Starke County Airport is home to iFLY Indiana Powered Paragliding which is one of the best paragliding schools in the county providing instruction, gear and service to the Powered Paragliding community. NEW 15-YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN Lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, parking lot, roof, and structure. • There are 10% rent increases in each of the Five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 18,600 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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