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Dollar General | Indiana | 15 Year Absolute Net Lease | 2023 Rare All-Wood Prototype Construction

625 S Main St, Kendallville (Outside Ft. Wayne), IN 46755

Listing Price: $1,724,308

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
0.2
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$162.06
Lease Type
Absolute Net
Rent Per Square Feet
$10.53

Investment Overview

Kendallville, Indiana, nestled in Noble County, is a picturesque city with a rich history and a close-knit community. Named after Amos Kendall, it played a pivotal role as a transportation hub along the B&O Railroad. Today, Kendallville offers a mix of manufacturing industries, outdoor recreational opportunities at Bixler Lake Park and Chain O’Lakes State Park, and a revitalized downtown area featuring local businesses and cultural events. With a diverse population, it balances small-town charm with proximity to the larger city of Fort Wayne, making it an appealing place to call home and explore both history and nature.

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 at a Hard Corner. Positioned Along one of the City's Main Roads with Daily Traffic Counts Exceeding 5k+ Vehicles.
  • Walking Distance from Numerous Schools including East Noble High School, Middle School & Central Elementary School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • Near Numerous National Retailers including Walmart Supercenter, Kroger, CVS Pharmacy, Tractor Supply, Rural King, Walgreens and many more.
  • Minutes from Parkview Noble Hospital - Ranked among the Top Small Community Hospitals in America for the Second Year in a Row w/ more than 550 Physicians and Staff Currently Enrolled.
  • Located just 30 Minutes North of Fort Wayne. Kendallville has Exceptional Parks, Great Public and Private Schools, Numerous Service Clubs, Quaint Specialty Shops, Restaurants and a Historic Movie Theater.
  • In Close Proximity to Numerous Established Business Parks, Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants.

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 | Indiana | 15 Year Absolute Net Lease | 2023 Rare All-Wood Prototype Construction

Listing Price: $1,724,308

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
0.2
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$162.06
Lease Type
Absolute Net
Rent Per Square Feet
$10.53

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 at a Hard Corner. Positioned Along one of the City's Main Roads with Daily Traffic Counts Exceeding 5k+ Vehicles.
  • Walking Distance from Numerous Schools including East Noble High School, Middle School & Central Elementary School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • Near Numerous National Retailers including Walmart Supercenter, Kroger, CVS Pharmacy, Tractor Supply, Rural King, Walgreens and many more.
  • Minutes from Parkview Noble Hospital - Ranked among the Top Small Community Hospitals in America for the Second Year in a Row w/ more than 550 Physicians and Staff Currently Enrolled.
  • Located just 30 Minutes North of Fort Wayne. Kendallville has Exceptional Parks, Great Public and Private Schools, Numerous Service Clubs, Quaint Specialty Shops, Restaurants and a Historic Movie Theater.
  • In Close Proximity to Numerous Established Business Parks, Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants.

Investment Overview

Kendallville, Indiana, nestled in Noble County, is a picturesque city with a rich history and a close-knit community. Named after Amos Kendall, it played a pivotal role as a transportation hub along the B&O Railroad. Today, Kendallville offers a mix of manufacturing industries, outdoor recreational opportunities at Bixler Lake Park and Chain O’Lakes State Park, and a revitalized downtown area featuring local businesses and cultural events. With a diverse population, it balances small-town charm with proximity to the larger city of Fort Wayne, making it an appealing place to call home and explore both history and nature.

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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