Skip to main content

Discount

Dollar General

3640 N Mitthoefer Rd, Indianapolis, IN 46235

Listing Price: $1,350,000

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
5.9
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$148.35
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.38

Investment Overview

Dollar General Corporation (NYSE: DG) has been delivering value to shoppers for over 84 years. Dollar General helps shoppers save money and time every day by offering products that are frequently used and replenished.
Indianapolis is the 12th largest city in the U.S., and home to 810,000 residents in the city proper, with 2 million residents in the greater metropolitan area. Nicknamed the “Circle City,” and “Crossroads of America,” Indianapolis has more interstate highways bisecting the city and state than any other in the country, and half the nation’s population is within a days drive of Indianapolis which makes it a center for the transportation of goods.

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Lease with Six Years Remaining
  • 10 Percent Rental Increases in Each of Four, Five-Year Renewal Options
  • Dense Indianapolis Infill with 162,213 Residents and 156,493 Daytime Employees Located Within a Five-Mile Radius
  • Dollar General's Net Sales Increased 10.6 Percent to $37.8 Billion and Same-Store Sales Increased 4.3 Percent in 2022
  • Visible to Nearly 16,000 Cars per Day Along North Mitthoefer Road
  • Adjacent to a 12 Million Square-Foot Industrial Park
  • Across From a 40-Acre Property Being Redeveloped by the City of Indianapolis as an Opportunity Hub for the Local Community
  • Easily Accessible Location Less Than Three Miles Off Interstate Freeways 465 and 70, Both Major Connectors for Indianapolis and the Surrounding Areas

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Listing Price: $1,350,000

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
5.9
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$148.35
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.38

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Lease with Six Years Remaining
  • 10 Percent Rental Increases in Each of Four, Five-Year Renewal Options
  • Dense Indianapolis Infill with 162,213 Residents and 156,493 Daytime Employees Located Within a Five-Mile Radius
  • Dollar General's Net Sales Increased 10.6 Percent to $37.8 Billion and Same-Store Sales Increased 4.3 Percent in 2022
  • Visible to Nearly 16,000 Cars per Day Along North Mitthoefer Road
  • Adjacent to a 12 Million Square-Foot Industrial Park
  • Across From a 40-Acre Property Being Redeveloped by the City of Indianapolis as an Opportunity Hub for the Local Community
  • Easily Accessible Location Less Than Three Miles Off Interstate Freeways 465 and 70, Both Major Connectors for Indianapolis and the Surrounding Areas

Investment Overview

Dollar General Corporation (NYSE: DG) has been delivering value to shoppers for over 84 years. Dollar General helps shoppers save money and time every day by offering products that are frequently used and replenished. Indianapolis is the 12th largest city in the U.S., and home to 810,000 residents in the city proper, with 2 million residents in the greater metropolitan area. Nicknamed the “Circle City,” and “Crossroads of America,” Indianapolis has more interstate highways bisecting the city and state than any other in the country, and half the nation’s population is within a days drive of Indianapolis which makes it a center for the transportation of goods.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

MM Texture Background
MM Textured Background Lower