Investment Overview

Marcus & Millichap is pleased to present the Dollar General located in Orland, Indiana. The 9,100 square foot building is positioned on about 1.53 acres along Highway 120 with excellent visibility and easy ingress and egress. The building was built-to-suit for Dollar General in 2011, with Dollar General signing a brand-new 15-year lease that commenced in May 2011. There are currently almost 3 years remaining on the base lease term, with three, five-year renewal options available. There are rent increases scheduled for each renewal option, providing a perfect hedge against future inflation. The lease is double net, with the landlord being responsible for the roof and structure of the building. Dollar General (NYSE: DG) is the largest small-box discount retailer in the United States with over 18,770 locations. Dollar General reported twelve months trending revenue ending October 31, 2022 of $36.293 billion, equaling a 6.8 percent year-over-year increase. Standard & Poors has granted Dollar General an investment grade credit of ‘BBB’. Dollar General is publicly traded on the New York Stock Exchange under the ticker symbol ‘DG’. As the largest discount retailer, they continue their plan of growth for 2023, including 1,050 new stores, 2,000 remodels and 120 relocations. Dollar General’s site selection and operations continue to impress with the company posting 32 consecutive years of same-store sales growth.