Discount

Dollar General

5800 E 600 N, Hamlet, IN 46532

Listing Price: $1,536,000

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$170.18
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.63

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new upgraded 9,026 SF build-to-suit Dollar General in Hamlet, IN. • This store is currently under construction and scheduled for delivery in January 2021. HIGH TRAFFIC LOCATION • Located directly off US Hwy 30 (14,735 VPD) that connects East and West Indiana. Subject is also 2 miles from the intersection of US Hwy 30 and US Hwy 35 that sees 6,173 VPD. • Nearest competing dollar store is over 10 miles away. • Surrounded by numerous local and regional retailers. NEAR SOUTH BEND, IN • Store is strategically located approximately 30 minutes South of South Bend, Indiana. • South Bend is the fourth largest city in Indiana with an estimated population of 101,735 serving as the economic and cultural hub of Northern Indiana. • Home to the University of Notre Dame (12,393 students) in addition to several other colleges and universities. • The following companies have corporate headquarters in South Bend: AM General, Crowe Horwath, Martin’s Super Markets, and Schurz Communications. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed lease with Dollar General. • Tenant 100% responsible for all expenses, including taxes, insurance, roof and structure. • 10% rent increase in each of the five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 16,500 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Investment Highlights

  • New Upgraded Dollar General | Delivery January 2021
  • Located Off Hwy 30 (14,735 VPD)
  • Near South Bend, IN
  • 15-Year Corporate NNN Lease
  • Investment Grade BBB Tenant | 16,500 + Locations

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

Listing Price: $1,536,000

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$170.18
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.63

Investment Highlights

  • New Upgraded Dollar General | Delivery January 2021
  • Located Off Hwy 30 (14,735 VPD)
  • Near South Bend, IN
  • 15-Year Corporate NNN Lease
  • Investment Grade BBB Tenant | 16,500 + Locations

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new upgraded 9,026 SF build-to-suit Dollar General in Hamlet, IN. • This store is currently under construction and scheduled for delivery in January 2021. HIGH TRAFFIC LOCATION • Located directly off US Hwy 30 (14,735 VPD) that connects East and West Indiana. Subject is also 2 miles from the intersection of US Hwy 30 and US Hwy 35 that sees 6,173 VPD. • Nearest competing dollar store is over 10 miles away. • Surrounded by numerous local and regional retailers. NEAR SOUTH BEND, IN • Store is strategically located approximately 30 minutes South of South Bend, Indiana. • South Bend is the fourth largest city in Indiana with an estimated population of 101,735 serving as the economic and cultural hub of Northern Indiana. • Home to the University of Notre Dame (12,393 students) in addition to several other colleges and universities. • The following companies have corporate headquarters in South Bend: AM General, Crowe Horwath, Martin’s Super Markets, and Schurz Communications. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed lease with Dollar General. • Tenant 100% responsible for all expenses, including taxes, insurance, roof and structure. • 10% rent increase in each of the five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 16,500 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

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