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Dollar General | Outside Fort Wayne | 15Yr Abs Net Lease | 2023 Rare All-Wood Prototype Construction

106 W Dixie Dr, Silver Lake (Near Ft. Wayne), IN 46982

Listing Price: $1,902,000

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Gross SF
12,480
Guarantor
Corporate Guarantee
Rentable SF
12,480
Price/Gross SF
$152.40
Lease Type
Absolute Net
Rent Per Square Feet
$9.53

Investment Overview

Silver Lake is a small town located in Kosciusko County, Indiana. Situated amidst picturesque landscapes, it offers a tranquil environment with a population that typically hovers around a few hundred residents. The town is known for its serene Silver Lake, which provides opportunities for boating, fishing, and other recreational activities. Its close-knit community often organizes local events and festivals, fostering a sense of unity among residents. While primarily residential, Silver Lake maintains a charm through its peaceful atmosphere and the natural beauty of its surroundings.

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. Hard Corner Location - Positioned along Jefferson St, one of the City's Main Roads.
  • Dollar General Market is a Larger Format Store with Expanded Grocery Offerings - This new Concept Offers Fresh Food Options including Fruits and Vegetables, Home Goods, Apparel and more.

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 | Outside Fort Wayne | 15Yr Abs Net Lease | 2023 Rare All-Wood Prototype Construction

Listing Price: $1,902,000

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Gross SF
12,480
Guarantor
Corporate Guarantee
Rentable SF
12,480
Price/Gross SF
$152.40
Lease Type
Absolute Net
Rent Per Square Feet
$9.53

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. Hard Corner Location - Positioned along Jefferson St, one of the City's Main Roads.
  • Dollar General Market is a Larger Format Store with Expanded Grocery Offerings - This new Concept Offers Fresh Food Options including Fruits and Vegetables, Home Goods, Apparel and more.

Investment Overview

Silver Lake is a small town located in Kosciusko County, Indiana. Situated amidst picturesque landscapes, it offers a tranquil environment with a population that typically hovers around a few hundred residents. The town is known for its serene Silver Lake, which provides opportunities for boating, fishing, and other recreational activities. Its close-knit community often organizes local events and festivals, fostering a sense of unity among residents. While primarily residential, Silver Lake maintains a charm through its peaceful atmosphere and the natural beauty of its surroundings.

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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