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Dollar General | 15 Yr Abs Net Lease w/ Rent Increases | 2024 Rare All-Wood Prototype Construction

7801 IN-25, Rochester, IN 46975

Listing Price: $1,668,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$156.77
Lease Type
Absolute Net
Rent Per Square Feet
$10.19

Investment Overview

Rochester, Indiana, is a charming and welcoming community that boasts a rich tapestry of both natural beauty and cultural offerings. Nestled in the heart of Fulton County, Rochester is characterized by its picturesque landscapes, including the serene Lake Manitou, which provides residents and visitors alike with opportunities for recreational activities such as boating and fishing. The town exudes a friendly small-town atmosphere, fostering a strong sense of community and neighborly spirit. Rochester takes pride in its vibrant downtown area, where a variety of local businesses, shops, and restaurants contribute to a lively and eclectic local scene. The town also hosts events and festivals throughout the year, celebrating its heritage and providing entertainment for residents and visitors. With a close-knit community, scenic surroundings, and a commitment to preserving its unique character, Rochester stands as a gem in Indiana, offering a delightful blend of rural tranquility and community vibrancy.

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Feat. 5% Rental Increases Every 5 Years throughout the Initial Term and 5% at each Option. Brand New 2024 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.
  • Easy Access and Excellent Visibility along the City's Main Road with Daily Traffic Counts Exceeding 5k Vehicles. Limited Competition - the Next Nearest Dollar General is more than 8 Miles away.
  • Near Caston High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Discount

Dollar General | 15 Yr Abs Net Lease w/ Rent Increases | 2024 Rare All-Wood Prototype Construction

Listing Price: $1,668,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$156.77
Lease Type
Absolute Net
Rent Per Square Feet
$10.19

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Feat. 5% Rental Increases Every 5 Years throughout the Initial Term and 5% at each Option. Brand New 2024 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.
  • Easy Access and Excellent Visibility along the City's Main Road with Daily Traffic Counts Exceeding 5k Vehicles. Limited Competition - the Next Nearest Dollar General is more than 8 Miles away.
  • Near Caston High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Rochester, Indiana, is a charming and welcoming community that boasts a rich tapestry of both natural beauty and cultural offerings. Nestled in the heart of Fulton County, Rochester is characterized by its picturesque landscapes, including the serene Lake Manitou, which provides residents and visitors alike with opportunities for recreational activities such as boating and fishing. The town exudes a friendly small-town atmosphere, fostering a strong sense of community and neighborly spirit. Rochester takes pride in its vibrant downtown area, where a variety of local businesses, shops, and restaurants contribute to a lively and eclectic local scene. The town also hosts events and festivals throughout the year, celebrating its heritage and providing entertainment for residents and visitors. With a close-knit community, scenic surroundings, and a commitment to preserving its unique character, Rochester stands as a gem in Indiana, offering a delightful blend of rural tranquility and community vibrancy.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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