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Dollar General pOpshelf (NYSE: DG) | 15 Year Absolute Net Lease | Near Ft. Wayne | 2023 Construction

538 W 300 N, Warsaw (Near Ft. Wayne), IN 46582

Listing Price: $2,413,358

Cap Rate
6.00%
Tenant Name
Dollar General pOpshelf
Years Remaining On Lease
15.3
Gross SF
10,000
Guarantor
Corporate Guarantee
Rentable SF
10,000
Price/Gross SF
$241.34
Lease Type
Absolute Net
Rent Per Square Feet
$14.48

Investment Overview

Warsaw, Indiana is a city located in Kosciusko County, in the northeastern part of the state. Known as the “Orthopedic Capital of the World,” Warsaw is home to a thriving medical device industry and has gained international recognition for its expertise in orthopedic manufacturing and innovation. The city’s economy revolves around this industry, with numerous companies, research facilities, and medical professionals contributing to its growth and reputation. Beyond its industrial prowess, Warsaw offers a picturesque setting with its proximity to several lakes, including Winona Lake, Pike Lake, and Center Lake, making it a haven for water sports enthusiasts, fishing, and leisurely activities. The city boasts a strong sense of community, with a vibrant downtown area featuring historic buildings, boutique shops, local eateries, and cultural events. Visitors can explore the unique architectural charm of the Warsaw Courthouse Square or indulge in the artistic offerings at the Warsaw Performing Arts Center. The community’s commitment to education is evident in its excellent school system, including Warsaw Community High School, known for its academic and athletic achievements. Warsaw also hosts various community events and festivals throughout the year, fostering a sense of camaraderie and celebration among its residents. With its thriving orthopedic industry, natural beauty, and tight-knit community, Warsaw, Indiana offers a unique blend of innovation and outdoor recreation.

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2023 High Quality Construction.
  • Dollar General (pOpshelf's Parent Company) is Ranked #91 on the Fortune 500 List and Features an Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility Along State Highway 15 with Daily Traffic Counts Exceeding 14k Vehicles.
  • Popshelf is a Modern Retail Concept that Caters to a Stronger and more Affluent Demographic, Offering a Curated Selection of High-Quality Products at Affordable Prices - a more Upgraded Construction Compared to Dollar General.
  • In Close Proximity to Lutheran Kosciusko Hospital - Warsaw's only full-service hospital with more than 72 Beds. Recently Announced a $30M+ Expansion.
  • Outparcel to a Kohl's Anchored Retail Center and in Close Proximity to Numerous other National Retailers including Walmart Supercenter, Lowe's, Meijer, Kroger, Menards and many more.
  • Directly Across from Warsaw Municipal Airport-asw - It Caters to Private and Recreational Pilots, Flight Schools, and Local Businesses Utilizing General Aviation Aircraft w/ more than 13k Annual Aircraft Operations.

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 pOpshelf (NYSE: DG) | 15 Year Absolute Net Lease | Near Ft. Wayne | 2023 Construction

Listing Price: $2,413,358

Cap Rate
6.00%
Tenant Name
Dollar General pOpshelf
Years Remaining On Lease
15.3
Gross SF
10,000
Guarantor
Corporate Guarantee
Rentable SF
10,000
Price/Gross SF
$241.34
Lease Type
Absolute Net
Rent Per Square Feet
$14.48

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2023 High Quality Construction.
  • Dollar General (pOpshelf's Parent Company) is Ranked #91 on the Fortune 500 List and Features an Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility Along State Highway 15 with Daily Traffic Counts Exceeding 14k Vehicles.
  • Popshelf is a Modern Retail Concept that Caters to a Stronger and more Affluent Demographic, Offering a Curated Selection of High-Quality Products at Affordable Prices - a more Upgraded Construction Compared to Dollar General.
  • In Close Proximity to Lutheran Kosciusko Hospital - Warsaw's only full-service hospital with more than 72 Beds. Recently Announced a $30M+ Expansion.
  • Outparcel to a Kohl's Anchored Retail Center and in Close Proximity to Numerous other National Retailers including Walmart Supercenter, Lowe's, Meijer, Kroger, Menards and many more.
  • Directly Across from Warsaw Municipal Airport-asw - It Caters to Private and Recreational Pilots, Flight Schools, and Local Businesses Utilizing General Aviation Aircraft w/ more than 13k Annual Aircraft Operations.

Investment Overview

Warsaw, Indiana is a city located in Kosciusko County, in the northeastern part of the state. Known as the “Orthopedic Capital of the World,” Warsaw is home to a thriving medical device industry and has gained international recognition for its expertise in orthopedic manufacturing and innovation. The city’s economy revolves around this industry, with numerous companies, research facilities, and medical professionals contributing to its growth and reputation. Beyond its industrial prowess, Warsaw offers a picturesque setting with its proximity to several lakes, including Winona Lake, Pike Lake, and Center Lake, making it a haven for water sports enthusiasts, fishing, and leisurely activities. The city boasts a strong sense of community, with a vibrant downtown area featuring historic buildings, boutique shops, local eateries, and cultural events. Visitors can explore the unique architectural charm of the Warsaw Courthouse Square or indulge in the artistic offerings at the Warsaw Performing Arts Center. The community’s commitment to education is evident in its excellent school system, including Warsaw Community High School, known for its academic and athletic achievements. Warsaw also hosts various community events and festivals throughout the year, fostering a sense of camaraderie and celebration among its residents. With its thriving orthopedic industry, natural beauty, and tight-knit community, Warsaw, Indiana offers a unique blend of innovation and outdoor recreation.

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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