Discount
Dollar General | Near South Bend, IN
210 E Toto Rd, Knox, IN 46534
Listing Price: $2,044,000
Investment Overview
15 YEAR NNN CORPORATE LEASE WITH RENTAL INCREASES
• This property features a 15-year corporate guaranteed NNN lease with Dollar General with 5% rent increases every 5 years.
• This store is scheduled to deliver in February 2025.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.
NEAR SOUTH BEND , IN | 4TH LARGEST CITY IN INDIANA
• Property is located less than 1 hour southwest of South Bend, Indiana — northern Indiana’s economic and cultural hub.
• South Bend is the fourth largest city in Indiana with an estimated population of over 101,735, and serves as the county seat of St. Joseph County.
• Home to the University of Notre Dame (12,393 students), Indiana University South Bend (4,631 students), Saint Mary’s College (1,600 students), and Bethel University (1,500 students).
• General Motors and Samsung SDI have committed $3.5 billion to build an electric vehicle battery plant, creating 1,600+ new jobs in the MSA.
• Amazon Web Services plans an $11 billion data center, creating 1,000+ new jobs in the MSA.
• South Bend recently initiated a comprehensive Downtown Plan, aiming to attract $1 billion in investments for new housing, retail spaces, and job creation. This initiative includes over 500 new housing units and major upgrades to local facilities including the Morris Performing Arts Center and Four Winds Field.
KNOX | COUNTY SEAT OF STARKE COUNTY
• Knox is the county seat of Starke County and is located in northern Indiana, 1 hour outside of South Bend.
• This Dollar General is located on Hwy 300 (2,174 VPD) near Bass Lake, which is the third largest natural lake in Indiana, and covers more than 1,400 acres.
• National Retail in Knox includes Tractor Supply, McDonald’s, Walgreens, Save A Lot, Advance Auto Parts, and more.
• Recent developments in Knox include a $2 million Surf Internet project connecting 1,200 homes to highspeed internet.
• Starke County Airport is home to iFLY Indiana Powered Paragliding which is one of the best paragliding schools in the county.
INVESTMENT GRADE TENANT (S&P: BBB) WITH 20 ,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 750 stores in 2025.
• Dollar General has been in business for 80 years and has a current net worth of over $18.16B
Investment Highlights
- 15 Year NNN Corporate Lease With Rental Increases
- Near South Bend, IN | 4th Largest City In Indiana
- Knox | County Seat Of Starke County
- Investment Grade Tenant (S&P) With 20,000 Locations
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $2,044,000
Investment Highlights
- 15 Year NNN Corporate Lease With Rental Increases
- Near South Bend, IN | 4th Largest City In Indiana
- Knox | County Seat Of Starke County
- Investment Grade Tenant (S&P) With 20,000 Locations
Investment Overview
15 YEAR NNN CORPORATE LEASE WITH RENTAL INCREASES • This property features a 15-year corporate guaranteed NNN lease with Dollar General with 5% rent increases every 5 years. • This store is scheduled to deliver in February 2025. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure. • There are 5% rent increases in each of the five, 5-year option periods. NEAR SOUTH BEND , IN | 4TH LARGEST CITY IN INDIANA • Property is located less than 1 hour southwest of South Bend, Indiana — northern Indiana’s economic and cultural hub. • South Bend is the fourth largest city in Indiana with an estimated population of over 101,735, and serves as the county seat of St. Joseph County. • Home to the University of Notre Dame (12,393 students), Indiana University South Bend (4,631 students), Saint Mary’s College (1,600 students), and Bethel University (1,500 students). • General Motors and Samsung SDI have committed $3.5 billion to build an electric vehicle battery plant, creating 1,600+ new jobs in the MSA. • Amazon Web Services plans an $11 billion data center, creating 1,000+ new jobs in the MSA. • South Bend recently initiated a comprehensive Downtown Plan, aiming to attract $1 billion in investments for new housing, retail spaces, and job creation. This initiative includes over 500 new housing units and major upgrades to local facilities including the Morris Performing Arts Center and Four Winds Field. KNOX | COUNTY SEAT OF STARKE COUNTY • Knox is the county seat of Starke County and is located in northern Indiana, 1 hour outside of South Bend. • This Dollar General is located on Hwy 300 (2,174 VPD) near Bass Lake, which is the third largest natural lake in Indiana, and covers more than 1,400 acres. • National Retail in Knox includes Tractor Supply, McDonald’s, Walgreens, Save A Lot, Advance Auto Parts, and more. • Recent developments in Knox include a $2 million Surf Internet project connecting 1,200 homes to highspeed internet. • Starke County Airport is home to iFLY Indiana Powered Paragliding which is one of the best paragliding schools in the county. INVESTMENT GRADE TENANT (S&P: BBB) WITH 20 ,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 20,000 locations and plans to open 750 stores in 2025. • Dollar General has been in business for 80 years and has a current net worth of over $18.16B
Exclusively Listed By
Broker of Record
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Josh Caruana
First Vice President/District Manager