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Dollar General | Lake Town | Absolute NNN Lease

221 W School St, Leesburg, IN 46538

Listing Price: $1,441,600

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
7.6
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$158.42
Lease Type
Absolute Net
Rent Per Square Feet
$9.90

Investment Overview

Lake Town Dollar General – Property is Within 10 Miles of 12 Lakes and Several Conservation Areas 3 Miles North of Downtown Warsaw – the Orthopedic Capital of the World | Home of Zimmer Biomet Holdings, Inc. (20,000 Employees) and Biomet Manufacturing, LLC 3 Miles from IN-15/US-30 Interchange (Combined Traffic Count of 38,601 VPD) and Warsaw Municipal Airport| 47 Miles from Fort Wayne, IN Leesburg is Part of the Fast-Growing Warsaw MSA With a Population of 79,456 Leesburg and the Surrounding Area Has Been Experiencing Great Population Growth | Projected 10-Mile Population Increase from 2010 to 2027 is 8.6% | Current 10-Mile Daytime Population is 71,916 Built in 2015 | 7.5 Years Remaining on an Absolute NNN Lease – No Landlord Responsibilities | 10% Rental Increases in Each Five 5-Year Option Corporate Guarantee| Dollar General (NYSE: DG) Has Over 18,000 Locations in 47 States | Investment Grade Tenant | BBB Rating by S&P

Investment Highlights

  • Lake Town Dollar General - Property is Within 10 Miles of 12 Lakes and Several Conservation Areas | 3 Miles North of Downtown Warsaw, IN - the Orthopedic Capital of the World
  • Part of the Fast-Growing Warsaw, IN MSA with a Population of 79,456 | Projected 10-Mile Population Increase from 2010 - 2027 is 8.6% | Current 10-Mile Daytime Population is 71,916
  • Built in 2015 | Absolute NNN Lease - No Landlord Responsibilities | Corporate Guarantee

Exclusively Listed By

Discount

Dollar General | Lake Town | Absolute NNN Lease

Listing Price: $1,441,600

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
7.6
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$158.42
Lease Type
Absolute Net
Rent Per Square Feet
$9.90

Investment Highlights

  • Lake Town Dollar General - Property is Within 10 Miles of 12 Lakes and Several Conservation Areas | 3 Miles North of Downtown Warsaw, IN - the Orthopedic Capital of the World
  • Part of the Fast-Growing Warsaw, IN MSA with a Population of 79,456 | Projected 10-Mile Population Increase from 2010 - 2027 is 8.6% | Current 10-Mile Daytime Population is 71,916
  • Built in 2015 | Absolute NNN Lease - No Landlord Responsibilities | Corporate Guarantee

Investment Overview

Lake Town Dollar General – Property is Within 10 Miles of 12 Lakes and Several Conservation Areas 3 Miles North of Downtown Warsaw – the Orthopedic Capital of the World | Home of Zimmer Biomet Holdings, Inc. (20,000 Employees) and Biomet Manufacturing, LLC 3 Miles from IN-15/US-30 Interchange (Combined Traffic Count of 38,601 VPD) and Warsaw Municipal Airport| 47 Miles from Fort Wayne, IN Leesburg is Part of the Fast-Growing Warsaw MSA With a Population of 79,456 Leesburg and the Surrounding Area Has Been Experiencing Great Population Growth | Projected 10-Mile Population Increase from 2010 to 2027 is 8.6% | Current 10-Mile Daytime Population is 71,916 Built in 2015 | 7.5 Years Remaining on an Absolute NNN Lease – No Landlord Responsibilities | 10% Rental Increases in Each Five 5-Year Option Corporate Guarantee| Dollar General (NYSE: DG) Has Over 18,000 Locations in 47 States | Investment Grade Tenant | BBB Rating by S&P

Exclusively Listed By

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