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Dollar General Market - Upgraded Construction | Near Indianapolis | 15 Yr Abs. NNN w/ Rent Increases

7000 IN-67 Muncie, IN 47302, Muncie (Outside Indianapolis), IN 47303

Listing Price: $2,200,481

Cap Rate
6.65%
Tenant Name
Dollar General Market
Years Remaining On Lease
14.7
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$206.81
Lease Type
Absolute Net
Rent Per Square Feet
$13.75

Investment Overview

Muncie, Indiana is the county seat of Delaware County and the principal city of the Muncie Metropolitan Statistical Area, which encompasses the entirety of Delaware County and is also included in the broader Indianapolis–Carmel–Muncie Combined Statistical Area. Located approximately 50 miles northeast of Indianapolis along the Interstate 69 corridor, Muncie serves as the commercial, educational, and healthcare hub of East Central Indiana, drawing consumers and employees from across Delaware, Blackford, Jay, Randolph, and Henry Counties.

The city is anchored by two of the region’s most significant institutional employers. Ball State University, a public research university with over 21,000 enrolled students, generates sustained year-round demand for everyday retail and household necessities throughout the surrounding trade area. IU Health Ball Memorial Hospital, the largest non-government employer in East Central Indiana, employs approximately 2,500 workers and operates as a regional tertiary referral and teaching center, contributing a stable base of healthcare workers and patient visitors to the local economy daily.

The subject property is strategically positioned along State Road 67, a primary south-side expressway that connects directly to Interstate 69 at Exit 34, providing seamless regional access to Indianapolis to the south and Fort Wayne to the north. The immediate 47302 zip code is home to over 25,700 residents across approximately 13,000 housing units, representing a dense, established consumer base with spending patterns closely aligned with the value-retail sector.

Muncie’s south side is experiencing active public and private investment, including the $12.1 million Southern Terrace residential development, new trail infrastructure, and a recently opened 73,000-square-foot YMCA facility, all signaling long-term community reinvestment and sustained residential stability in the immediate trade area.

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 2026 Rare All-Wood Prototype Construction.
  • Dollar General Market is a Larger Format Store with Expanded Grocery Offerings - This New Concept Offers Fresh Food Options including Fruits and Vegetables, Home Goods, Apparel and more.
  • Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $42.72 Billion.
  • Positioned along State Road 67, a Primary South-Side Arterial Serving as a Key Expressway Bypass Connecting Southern Muncie Directly to Interstate 69, Funneling Significant Daily Commuter and Commercial Traffic past the Subject Property.
  • The Site Sits Proximate to I-69, the Primary North-South Corridor Linking Muncie to Indianapolis 50 Miles South and Fort Wayne 60 Miles North, Providing Seamless Regional Accessibility for Employees and Consumers.
  • Minutes from Ball State University, a Public Research University with over 21,000 Enrolled Students Generating Consistent Year-Round Demand for Everyday Value Retail, Grocery, and Household Essentials Throughout the Surrounding Muncie Trade Area.
  • Anchored by One of Indiana's Largest Non-Government Employers, IU Health Ball Memorial Hospital Employs 2,500+ Workers and Serves as a Regional Tertiary Referral and Teaching Center, Contributing a Stable, High-Volume Base of Healthcare Employees Daily.
  • The Subject Property Serves a Trade Area Population Exceeding 35,000 Residents within Five Miles, Representing Well Above-Average Demographic Density for a Dollar General-Anchored Net Lease Investment in this Asset Class. Muncie Anchors the Delaware County MSA and Sits within the Broader Indianapolis–Carmel–Muncie CSA, Connecting the Subject Trade Area to one of the Midwest's Most Economically Significant Combined Metropolitan Markets.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    Managing Director Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Julia Evinger

    Managing Director Investments

    (317) 218-5300

    License(s) IN: RB14040143

    Indiana

Discount

Dollar General Market - Upgraded Construction | Near Indianapolis | 15 Yr Abs. NNN w/ Rent Increases

Listing Price: $2,200,481

Cap Rate
6.65%
Tenant Name
Dollar General Market
Years Remaining On Lease
14.7
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$206.81
Lease Type
Absolute Net
Rent Per Square Feet
$13.75

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 2026 Rare All-Wood Prototype Construction.
  • Dollar General Market is a Larger Format Store with Expanded Grocery Offerings - This New Concept Offers Fresh Food Options including Fruits and Vegetables, Home Goods, Apparel and more.
  • Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $42.72 Billion.
  • Positioned along State Road 67, a Primary South-Side Arterial Serving as a Key Expressway Bypass Connecting Southern Muncie Directly to Interstate 69, Funneling Significant Daily Commuter and Commercial Traffic past the Subject Property.
  • The Site Sits Proximate to I-69, the Primary North-South Corridor Linking Muncie to Indianapolis 50 Miles South and Fort Wayne 60 Miles North, Providing Seamless Regional Accessibility for Employees and Consumers.
  • Minutes from Ball State University, a Public Research University with over 21,000 Enrolled Students Generating Consistent Year-Round Demand for Everyday Value Retail, Grocery, and Household Essentials Throughout the Surrounding Muncie Trade Area.
  • Anchored by One of Indiana's Largest Non-Government Employers, IU Health Ball Memorial Hospital Employs 2,500+ Workers and Serves as a Regional Tertiary Referral and Teaching Center, Contributing a Stable, High-Volume Base of Healthcare Employees Daily.
  • The Subject Property Serves a Trade Area Population Exceeding 35,000 Residents within Five Miles, Representing Well Above-Average Demographic Density for a Dollar General-Anchored Net Lease Investment in this Asset Class. Muncie Anchors the Delaware County MSA and Sits within the Broader Indianapolis–Carmel–Muncie CSA, Connecting the Subject Trade Area to one of the Midwest's Most Economically Significant Combined Metropolitan Markets.

Investment Overview

Muncie, Indiana is the county seat of Delaware County and the principal city of the Muncie Metropolitan Statistical Area, which encompasses the entirety of Delaware County and is also included in the broader Indianapolis–Carmel–Muncie Combined Statistical Area. Located approximately 50 miles northeast of Indianapolis along the Interstate 69 corridor, Muncie serves as the commercial, educational, and healthcare hub of East Central Indiana, drawing consumers and employees from across Delaware, Blackford, Jay, Randolph, and Henry Counties. The city is anchored by two of the region’s most significant institutional employers. Ball State University, a public research university with over 21,000 enrolled students, generates sustained year-round demand for everyday retail and household necessities throughout the surrounding trade area. IU Health Ball Memorial Hospital, the largest non-government employer in East Central Indiana, employs approximately 2,500 workers and operates as a regional tertiary referral and teaching center, contributing a stable base of healthcare workers and patient visitors to the local economy daily. The subject property is strategically positioned along State Road 67, a primary south-side expressway that connects directly to Interstate 69 at Exit 34, providing seamless regional access to Indianapolis to the south and Fort Wayne to the north. The immediate 47302 zip code is home to over 25,700 residents across approximately 13,000 housing units, representing a dense, established consumer base with spending patterns closely aligned with the value-retail sector. Muncie’s south side is experiencing active public and private investment, including the $12.1 million Southern Terrace residential development, new trail infrastructure, and a recently opened 73,000-square-foot YMCA facility, all signaling long-term community reinvestment and sustained residential stability in the immediate trade area.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    Managing Director Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Julia Evinger

    Managing Director Investments

    (317) 218-5300

    License(s): IN: RB14040143

    Indiana

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