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Dollar General

1940 IN-57, Oakland City, IN 47660

Listing Price: $938,400

Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
5.7
Gross SF
9,014
Guarantor
Corporate Guarantee
Rentable SF
9,014
Price/Gross SF
$104.10
Lease Type
Double Net
Rent Per Square Feet
$8.33

Investment Overview

~Six Years Remaining on a NN Lease with a Corporate Guarantee | Four Five-Year Options with Rental Increases

Strong Performer According to Placer.ai – Sales are Estimated to Be in the Top 35% in Indiana | #2 Out of 13 Stores Within 15 Miles in Visits

This Site Features a Concrete Parking Lot and Pitched Metal Roof

Excellent Visibility from IN-57 and IN-64 | Strategic Location Near Signalized Intersection (15,372 Combined VPD)

~One Mile from Oakland City University with 1,250 Students and Staff | 1.4 Miles from I-69 (31,471 VPD)

Adjacent to ProRehab | Across the Street from Denny’s (71st Percentile in Indiana in Foot Traffic Per Placer.ai) and Marathon Gas Station | Nearby Retailers Include Subway, Family Dollar/Dollar Tree, IGA, NAPA Auto Parts, and the Oakland City Golf Club

Site is Located 33 Miles from Evansville | Oakland City is a Part of the Evansville MSA, the 3rd Largest City in Indiana (Population: 317,000)

Investment-Grade Tenant: Dollar General (NYSE: DG) has a BBB Credit Rating From S&P | Dollar General’s 2023 Revenue was $38.69 Billion | Opened Their 20,000th Store in 2024

Investment Highlights

  • ~Six Years Remaining on a NN Lease with a Corporate Guarantee | Four Five-Year Options with Rental Increases
  • Strong Performer According to Placer.ai – Sales are Estimated to Be in the Top 35% in Indiana | #2 Out of 13 Stores Within 15 Miles in Visits
  • Excellent Visibility from IN-57 and IN-64 | Strategic Location Near Signalized Intersection (15,372 Combined VPD)

Exclusively Listed By

Discount

Dollar General

Listing Price: $938,400

Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
5.7
Gross SF
9,014
Guarantor
Corporate Guarantee
Rentable SF
9,014
Price/Gross SF
$104.10
Lease Type
Double Net
Rent Per Square Feet
$8.33

Investment Highlights

  • ~Six Years Remaining on a NN Lease with a Corporate Guarantee | Four Five-Year Options with Rental Increases
  • Strong Performer According to Placer.ai – Sales are Estimated to Be in the Top 35% in Indiana | #2 Out of 13 Stores Within 15 Miles in Visits
  • Excellent Visibility from IN-57 and IN-64 | Strategic Location Near Signalized Intersection (15,372 Combined VPD)

Investment Overview

~Six Years Remaining on a NN Lease with a Corporate Guarantee | Four Five-Year Options with Rental Increases Strong Performer According to Placer.ai – Sales are Estimated to Be in the Top 35% in Indiana | #2 Out of 13 Stores Within 15 Miles in Visits This Site Features a Concrete Parking Lot and Pitched Metal Roof Excellent Visibility from IN-57 and IN-64 | Strategic Location Near Signalized Intersection (15,372 Combined VPD) ~One Mile from Oakland City University with 1,250 Students and Staff | 1.4 Miles from I-69 (31,471 VPD) Adjacent to ProRehab | Across the Street from Denny’s (71st Percentile in Indiana in Foot Traffic Per Placer.ai) and Marathon Gas Station | Nearby Retailers Include Subway, Family Dollar/Dollar Tree, IGA, NAPA Auto Parts, and the Oakland City Golf Club Site is Located 33 Miles from Evansville | Oakland City is a Part of the Evansville MSA, the 3rd Largest City in Indiana (Population: 317,000) Investment-Grade Tenant: Dollar General (NYSE: DG) has a BBB Credit Rating From S&P | Dollar General’s 2023 Revenue was $38.69 Billion | Opened Their 20,000th Store in 2024

Exclusively Listed By

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