Discount
Dollar General | #1 DG in 15-Mile Radius | Retail Corridor Location | NN Lease with Roof Warranty
315 E Broadway St, Shelbyville (Indianapolis MSA), IN 46176
Listing Price: $1,390,000
Investment Overview
Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a single-tenant Dollar General investment located at 315 East Broadway Street in Shelbyville, Indiana. Constructed in all-block, the building was a build-to-suit for Dollar General in 2010 and sits on 1.13 acres of prime real estate along East Broadway Street, the main retail and traffic corridor that connects Interstate 74 from the north directly into downtown Shelbyville. Immediate retailers include Walmart, Kroger, Aldi, Rural King, Taco Bell, Big Lots, Ace Hardware and a multitude of quick-service restaurants. The firm term lease in-place runs through August 2030 with three five-year renewal options thereafter, each with 10% rental escalators. Dollar General is financially responsible for common area maintenance costs, property taxes, and insurance. Landlord administers common area maintenance at the site, however, receives reimbursement for the maintenance and repair costs. Landlord is directly financially responsible for roof (roof warranty in-place), building structure, and capital replacement (not repair) of parking area at the subject site. Shelbyville is a city just 20 minutes outside of Indianapolis’s Interstate 465 beltway and is home to Horseshoe Indianapolis (Caesars Entertainment), the closest casino to Indianapolis and offers a horse racing track, gaming, restaurants, a gift shop and entertainment. The 233,000-square-foot facility has over 2,300 slot machines and live table games. It was originally built at a cost of more than $250 million and recently underwent a $34M renovation. Dollar General (NYSE: DG) is one of the largest discount retailers in the US with more than 17,000 stores in 46 states and growing. Dollar General’s market capitalization is more than $50 billion and the company has an investment-grade corporate credit rating through the major rating agencies.
Investment Highlights
- Main Retail Corridor Location with Close Proximity to Numerous Regional and National Retailers
- Minimal Landlord Responsibilities
- Investment-Grade Corporate Guarantee Tenant (NYSE: DG). Dollar General is an Essential and Recession-Proof Business
- Premier Construction Quality with All Brick and Concrete Block Stucco Exterior and Facade
Exclusively Listed By
Discount
Dollar General | #1 DG in 15-Mile Radius | Retail Corridor Location | NN Lease with Roof Warranty
Listing Price: $1,390,000
Investment Highlights
- Main Retail Corridor Location with Close Proximity to Numerous Regional and National Retailers
- Minimal Landlord Responsibilities
- Investment-Grade Corporate Guarantee Tenant (NYSE: DG). Dollar General is an Essential and Recession-Proof Business
- Premier Construction Quality with All Brick and Concrete Block Stucco Exterior and Facade
Investment Overview
Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a single-tenant Dollar General investment located at 315 East Broadway Street in Shelbyville, Indiana. Constructed in all-block, the building was a build-to-suit for Dollar General in 2010 and sits on 1.13 acres of prime real estate along East Broadway Street, the main retail and traffic corridor that connects Interstate 74 from the north directly into downtown Shelbyville. Immediate retailers include Walmart, Kroger, Aldi, Rural King, Taco Bell, Big Lots, Ace Hardware and a multitude of quick-service restaurants. The firm term lease in-place runs through August 2030 with three five-year renewal options thereafter, each with 10% rental escalators. Dollar General is financially responsible for common area maintenance costs, property taxes, and insurance. Landlord administers common area maintenance at the site, however, receives reimbursement for the maintenance and repair costs. Landlord is directly financially responsible for roof (roof warranty in-place), building structure, and capital replacement (not repair) of parking area at the subject site. Shelbyville is a city just 20 minutes outside of Indianapolis’s Interstate 465 beltway and is home to Horseshoe Indianapolis (Caesars Entertainment), the closest casino to Indianapolis and offers a horse racing track, gaming, restaurants, a gift shop and entertainment. The 233,000-square-foot facility has over 2,300 slot machines and live table games. It was originally built at a cost of more than $250 million and recently underwent a $34M renovation. Dollar General (NYSE: DG) is one of the largest discount retailers in the US with more than 17,000 stores in 46 states and growing. Dollar General’s market capitalization is more than $50 billion and the company has an investment-grade corporate credit rating through the major rating agencies.
Exclusively Listed By

