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Dollar General

221 W School St, Leesburg, IN 46538

Listing Price: $1,140,506

Cap Rate
7.90%
Tenant Name
Dollar General
Years Remaining On Lease
4.5
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$125.33
Lease Type
Absolute Net
Rent Per Square Feet
$9.90

Investment Overview

Built in 2015 | 4.67 Years Remaining on an Absolute Triple-Net Lease – No Landlord Responsibilities | 10 Percent Rental Increases in Each Five Five-Year Option

Tenant Recently Completed an Interior Remodel, Showing Commitment to Site

Lake Town Dollar General – Property is Within 10 Miles of 12 Lakes and Several Conservation Areas

Three Miles North of Downtown Warsaw – the Orthopedic Capital of the World | Home of Zimmer Biomet Holdings, Inc. (10,000 Employees in Warsaw and 20,000 Worldwide with a $17.5 Billion Market Cap) and DePuy Synthes (Approximately 10,000 Employees in Warsaw and 20,000 Worldwide with $9.2 Billion 2024 Revenues) | DePuy Synthes is Headquartered in Warsaw and is the Orthopedic Company of Johnson & Johnson (2024 Revenues of $88.82 Billion)

Three Miles from IN-15/US-30 Interchange (Combined Traffic Count of 38,601 Vehicles per Day) and
Warsaw Municipal Airport | 47 Miles from Fort Wayne, Indiana

Leesburg is Part of the Fast-Growing Warsaw MSA With a Population of 79,456

Leesburg and the Surrounding Area Has Been Experiencing Great Population Growth | Projected 10-Mile Population Increase from 2010 to 2030 is 8.7 Percent | Current 10-Mile Daytime Population is 67,610

Corporate Guarantee| Dollar General (NYSE: DG) Has Over 20,500 Locations in 48 States | Investment Grade Tenant | BBB Rating by S&P

Investment Highlights

  • 4.67 Years Remaining on an Absolute Triple-Net Lease - No Landlord Responsibilities | Inflation Hedge: 10 Percent Rental Increases at Each Five-Year Option | Corporate Guarantee
  • Lake Town Dollar General - Property is Located Within 10 Miles of 12 Lakes and Several Conservation Areas
  • Three Miles North of Downtown Warsaw | Part of the Warsaw, Indiana MSA | Warsaw is the Orthopedic Capital of the World

Exclusively Listed By

Discount

Dollar General

Listing Price: $1,140,506

Cap Rate
7.90%
Tenant Name
Dollar General
Years Remaining On Lease
4.5
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$125.33
Lease Type
Absolute Net
Rent Per Square Feet
$9.90

Investment Highlights

  • 4.67 Years Remaining on an Absolute Triple-Net Lease - No Landlord Responsibilities | Inflation Hedge: 10 Percent Rental Increases at Each Five-Year Option | Corporate Guarantee
  • Lake Town Dollar General - Property is Located Within 10 Miles of 12 Lakes and Several Conservation Areas
  • Three Miles North of Downtown Warsaw | Part of the Warsaw, Indiana MSA | Warsaw is the Orthopedic Capital of the World

Investment Overview

Built in 2015 | 4.67 Years Remaining on an Absolute Triple-Net Lease – No Landlord Responsibilities | 10 Percent Rental Increases in Each Five Five-Year Option Tenant Recently Completed an Interior Remodel, Showing Commitment to Site Lake Town Dollar General – Property is Within 10 Miles of 12 Lakes and Several Conservation Areas Three Miles North of Downtown Warsaw – the Orthopedic Capital of the World | Home of Zimmer Biomet Holdings, Inc. (10,000 Employees in Warsaw and 20,000 Worldwide with a $17.5 Billion Market Cap) and DePuy Synthes (Approximately 10,000 Employees in Warsaw and 20,000 Worldwide with $9.2 Billion 2024 Revenues) | DePuy Synthes is Headquartered in Warsaw and is the Orthopedic Company of Johnson & Johnson (2024 Revenues of $88.82 Billion) Three Miles from IN-15/US-30 Interchange (Combined Traffic Count of 38,601 Vehicles per Day) and Warsaw Municipal Airport | 47 Miles from Fort Wayne, Indiana Leesburg is Part of the Fast-Growing Warsaw MSA With a Population of 79,456 Leesburg and the Surrounding Area Has Been Experiencing Great Population Growth | Projected 10-Mile Population Increase from 2010 to 2030 is 8.7 Percent | Current 10-Mile Daytime Population is 67,610 Corporate Guarantee| Dollar General (NYSE: DG) Has Over 20,500 Locations in 48 States | Investment Grade Tenant | BBB Rating by S&P

Exclusively Listed By

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