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Dollar General

160 Hawpatch Dr, Topeka, IN 46571

Listing Price: $1,050,000

Cap Rate
7.82%
Tenant Name
Dollar General
Years Remaining On Lease
5.8
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$9.02

Investment Overview

Marcus & Millichap is pleased to present a 9,100 square foot freestanding Dollar General located in Topeka, IN. Topeka is located in Northern Indiana, about 50 miles east of South Bend. The area, known locally as Miniana, is home to the third largest Amish community in the world.

There are currently 6 years remaining on an original 15-year lease that provides the landlord with 10% rental increases in each of the 5, 5-year options. Located at the corner of Hawpatch Drive and W Lake Street the subject property enjoys excellent exposure. Neighboring retailers include Interra Credit Union, Mobil, Ace Hardware, Farmers State Bank, Do It Best Hardware, Save A Lot Foods and several others. Supportive single-family homes can be found primarily to the east.

Investment Highlights

  • Corporate NNN lease with 10% rental increases in the 5 5-year option periods
  • BBB credit rated tenant (S&P)
  • Only dollar store in the town of Topeka

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

Listing Price: $1,050,000

Cap Rate
7.82%
Tenant Name
Dollar General
Years Remaining On Lease
5.8
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$9.02

Investment Highlights

  • Corporate NNN lease with 10% rental increases in the 5 5-year option periods
  • BBB credit rated tenant (S&P)
  • Only dollar store in the town of Topeka

Investment Overview

Marcus & Millichap is pleased to present a 9,100 square foot freestanding Dollar General located in Topeka, IN. Topeka is located in Northern Indiana, about 50 miles east of South Bend. The area, known locally as Miniana, is home to the third largest Amish community in the world. There are currently 6 years remaining on an original 15-year lease that provides the landlord with 10% rental increases in each of the 5, 5-year options. Located at the corner of Hawpatch Drive and W Lake Street the subject property enjoys excellent exposure. Neighboring retailers include Interra Credit Union, Mobil, Ace Hardware, Farmers State Bank, Do It Best Hardware, Save A Lot Foods and several others. Supportive single-family homes can be found primarily to the east.

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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