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Dollar General | 15 Year Absolute Net Lease | Brand New 2023 Rare All-Wood Prototype Construction

20 Marolf Court, Fremont, IN 46737

Listing Price: $1,663,000

Cap Rate
5.85%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$156.30
Lease Type
Absolute Net
Rent Per Square Feet
$9.14

Investment Overview

Fremont is a town in Fremont Township, Steuben County, in the U.S. state of Indiana, located four miles east of the interchange between Interstate 69 and the Indiana Toll Road (Interstate 80/90) on State Road 120. Fremont is home to several manufacturing facilities, including Carver Non-woven Technologies LLC, Cold Heading, Swager Communications, New Horizons Baking Company, Health Equipment Mfg., Inc. and Dexter Axle. Among others is Cardinal IG, which came to Fremont in March 1998. Cardinal IG, manufacturers of glass products, have been recognized as a green company, recycling virtually all of the plastic, paper and cardboard used in manufacturing processes. In December 2010, Fremont was awarded $500,000 from the State of Indiana for its downtown revitalization project. According to the Town of Fremont website, the plan included improvements for pedestrian traffic, new street lighting and signage options, and reverse angle parking along Toledo Street for two blocks between Tolford and Pleasant Streets. Construction began in September 2011 and was finished roughly 90 days later.

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2023 Rare All-Wood Prototype Construction.
  • Ranked #91 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
  • Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 8k Vehicles. Immediate Access to/from I-69 (19k+ VPD) & near I-90 (20k+ VPD).
  • Adjacent to The Shops at Fremont - a Natural Stopping Place for Travelers from Chicago, Fort Wayne, Indianapolis, Toledo, and Detroit.
  • Near Trine University - The 450-Acre Campus is Consistently Ranked Among the Midwest's Best Universities (by U.S. News & World Report) w/ a Total Enrollment of 5k+ Students. More than $155M has been Invested in Enhancements since 2000.
  • Affluent Area: Features an Average Household Income of more than $90k within a 1-Mile Radius. The Site is Located in one of Indiana's Fastest Growing Corridors.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

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

    San Diego

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Discount

Dollar General | 15 Year Absolute Net Lease | Brand New 2023 Rare All-Wood Prototype Construction

Listing Price: $1,663,000

Cap Rate
5.85%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$156.30
Lease Type
Absolute Net
Rent Per Square Feet
$9.14

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2023 Rare All-Wood Prototype Construction.
  • Ranked #91 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
  • Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 8k Vehicles. Immediate Access to/from I-69 (19k+ VPD) & near I-90 (20k+ VPD).
  • Adjacent to The Shops at Fremont - a Natural Stopping Place for Travelers from Chicago, Fort Wayne, Indianapolis, Toledo, and Detroit.
  • Near Trine University - The 450-Acre Campus is Consistently Ranked Among the Midwest's Best Universities (by U.S. News & World Report) w/ a Total Enrollment of 5k+ Students. More than $155M has been Invested in Enhancements since 2000.
  • Affluent Area: Features an Average Household Income of more than $90k within a 1-Mile Radius. The Site is Located in one of Indiana's Fastest Growing Corridors.

Investment Overview

Fremont is a town in Fremont Township, Steuben County, in the U.S. state of Indiana, located four miles east of the interchange between Interstate 69 and the Indiana Toll Road (Interstate 80/90) on State Road 120. Fremont is home to several manufacturing facilities, including Carver Non-woven Technologies LLC, Cold Heading, Swager Communications, New Horizons Baking Company, Health Equipment Mfg., Inc. and Dexter Axle. Among others is Cardinal IG, which came to Fremont in March 1998. Cardinal IG, manufacturers of glass products, have been recognized as a green company, recycling virtually all of the plastic, paper and cardboard used in manufacturing processes. In December 2010, Fremont was awarded $500,000 from the State of Indiana for its downtown revitalization project. According to the Town of Fremont website, the plan included improvements for pedestrian traffic, new street lighting and signage options, and reverse angle parking along Toledo Street for two blocks between Tolford and Pleasant Streets. Construction began in September 2011 and was finished roughly 90 days later.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

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

    San Diego

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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