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Dollar General pOpshelf (NYSE: DG) | Outside Ft. Wayne | 15 Yr Absolute Net Lease w/ Rent Increases

140 Eyster Dr, Angola, IN 46703

Listing Price: $2,337,785

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Gross SF
10,542
Guarantor
Corporate Guarantee
Rentable SF
10,542
Price/Gross SF
$221.76
Lease Type
Absolute Net
Rent Per Square Feet
$14.41

Investment Overview

Angola is a city in Pleasant Township, Steuben County, Indiana. The town is served by I-69 and the Indiana Toll Road (I-80 and I-90). The economic forces that influenced the growth of the community are the tourism and the summer’s population growth because of the lakes and the State Park. In the summer months, Angola’s population increases 311%. The other main economic development in Angola is Industry, Business, and Wealth. One influence that caused Angola to come about and develop is Chief Pokagon of the Potawatomi Tribe. He lectured in front of our courthouse and stressed the importance of Angola’s natural surroundings. His father sold one million acres of land to the state of Indiana and Illinois (Including present day Chicago), who created Pokagon State Park that still remains today, surrounding the eastern part of Lake James. Another influence was the development of Interstate 80/90 (Indiana’s Toll Road) and Interstate 69, which both pass right through Angola. Each year over 36 Million passenger vehicles pass through Angola every year.

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New 2024 High Quality Construction.
  • Dollar General (pOpshelf's Parent Company) is Ranked #108 on the Fortune 500 List and Features an Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $37.84 Billion.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 20k Vehicles. Near Interstate-69 (23k+ VPD).
  • Popshelf is a Modern Retail Concept that Caters to a Stronger and more Affluent Demographic, Offering a Curated Selection of High-Quality Products at Affordable Prices - a more Upgraded Construction Compared to Dollar General.
  • Directly Across from Menards, Kohl's and near Numerous other National Retailers Including a Walmart Supercenter, Meijer, Walgreens, ALDI, Hobby Lobby, Tractor Supply and many more.
  • Near Trine University - The 450-Acre Campus is Consistently Ranked Among the Midwest's Best Universities (by U.S. News & World Report) w/ a Total Enrollment of 5k+ Students. More than $155M has been Invested in Enhancements since 2000.
  • In Close Proximity to Cameron Memorial Community Hospital - A General Medical and Surgical Facility Offering Services to Angola and Steuben County as a Top 100 Critical Access Hospital.
  • Site is located within the Opportunity Zone - An Investment Program that Offers Tax Incentives through a Qualified Opportunity Fund.

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 pOpshelf (NYSE: DG) | Outside Ft. Wayne | 15 Yr Absolute Net Lease w/ Rent Increases

Listing Price: $2,337,785

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Gross SF
10,542
Guarantor
Corporate Guarantee
Rentable SF
10,542
Price/Gross SF
$221.76
Lease Type
Absolute Net
Rent Per Square Feet
$14.41

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New 2024 High Quality Construction.
  • Dollar General (pOpshelf's Parent Company) is Ranked #108 on the Fortune 500 List and Features an Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $37.84 Billion.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 20k Vehicles. Near Interstate-69 (23k+ VPD).
  • Popshelf is a Modern Retail Concept that Caters to a Stronger and more Affluent Demographic, Offering a Curated Selection of High-Quality Products at Affordable Prices - a more Upgraded Construction Compared to Dollar General.
  • Directly Across from Menards, Kohl's and near Numerous other National Retailers Including a Walmart Supercenter, Meijer, Walgreens, ALDI, Hobby Lobby, Tractor Supply and many more.
  • Near Trine University - The 450-Acre Campus is Consistently Ranked Among the Midwest's Best Universities (by U.S. News & World Report) w/ a Total Enrollment of 5k+ Students. More than $155M has been Invested in Enhancements since 2000.
  • In Close Proximity to Cameron Memorial Community Hospital - A General Medical and Surgical Facility Offering Services to Angola and Steuben County as a Top 100 Critical Access Hospital.
  • Site is located within the Opportunity Zone - An Investment Program that Offers Tax Incentives through a Qualified Opportunity Fund.

Investment Overview

Angola is a city in Pleasant Township, Steuben County, Indiana. The town is served by I-69 and the Indiana Toll Road (I-80 and I-90). The economic forces that influenced the growth of the community are the tourism and the summer’s population growth because of the lakes and the State Park. In the summer months, Angola’s population increases 311%. The other main economic development in Angola is Industry, Business, and Wealth. One influence that caused Angola to come about and develop is Chief Pokagon of the Potawatomi Tribe. He lectured in front of our courthouse and stressed the importance of Angola’s natural surroundings. His father sold one million acres of land to the state of Indiana and Illinois (Including present day Chicago), who created Pokagon State Park that still remains today, surrounding the eastern part of Lake James. Another influence was the development of Interstate 80/90 (Indiana’s Toll Road) and Interstate 69, which both pass right through Angola. Each year over 36 Million passenger vehicles pass through Angola every year.

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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