Investment Overview

Marcus & Millichap is pleased to present for sale Dollar General Plaza, a two-tenant, net-leased strip center located in Farmersburg, Indiana (Terre Haute). The subject property was built in 2000 for Dollar General and sits on 1.19 acres along US Highway 41 North which experiences approximately 17,000 vehicles-per-day. Dollar General Plaza is 100% occupied by Dollar General and Mickey’s Bar & Grill. Dollar General has been operating at this location for 22+ years and has firm lease term remaining until late 2026. Mickey’s Bar & Grill, a local, casual American restaurant has been operating at this site since 2017 and has firm lease term remaining until late 2027; both tenants have exercised options to renew their lease, showing strong commitment to the subject site. The subject property is located just south of Terre Haute (home to Indiana State University) and will be less than 7 miles (8 min drive) from the recently announced $1.5 billion brand new, ENTEK lithium-ion battery material production facility, which is predicted to create 642 new, high wage jobs in the area to support the rapidly growing electric vehicle industry. 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. This offering provides an incoming buyer retail center investment with a very attractive price per square foot of only $74 per square foot and a relatively passive two-tenant diversified income stream backed by long-term, proven tenants that cater to the immediate neighborhood and surrounding businesses. The subject property also operates under net leases whereby tenants are responsible for common area maintenance costs, property taxes, & insurance providing stable net-income to the landlord and reducing exposure to any increasing costs at site as these costs are the responsibility of the tenants.