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Dollar General - Orland, IN

9255 IN-120, Orland, IN 46776

Listing Price: $895,700

Cap Rate
7.40%
Tenant Name
Dollar General
Years Remaining On Lease
5.5
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$99.24
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$7.34

Investment Overview

Marcus & Millichap is proud to present the fee simple interest in Dollar General in Orland, IN. The subject property was built for the tenant in 2011 and is currently undergoing a store remodel. The tenant signed a 15 year modified NNN lease in 2011 in which the tenant reimburses 100% for CAM, Taxes and Insurance. There is a built in 3% rental increase in August of 2021. The nearest Dollar Generals are each 14 Miles away in Angola, IN and Howe, IN. Dollar General is located less than 3 Miles from Miller Poultry – the largest employer in Orland.

Investment Highlights

  • New Prototype Build Offers Low Rent of $7.34 per Square Foot with Upcoming Rental Increase of 3% in August 2021
  • Corporate is Investing Into a Store Remodel at This Location Currently
  • | 5.77 Years Remaining on Dollar General Corporate Lease with Three, Five-Year Options and 10% Rental Increases
  • Nearest Dollar Generals are Each 14 Miles Away in Angola, IN and Howe, IN | Located Less than 3 Miles from Miller Poultry – the Largest Employer in Orland
  • Dollar General Corporate Guaranty | NYSE: DG with $25.6 Billion in 2019 Annual Revenue | Ranked #119 on Fortune 500 | Investment Grade Credit Tenant (S&P: BBB)
  • Built in 2011 on 1.53 Acres | Tenant Reimburses 100% for Taxes, Insurance and Common Area Maintenance
  • "Pandemic/Recession-Resistant" Investment – Dollar General Reported a Same Store Sales Increase of 18.8% from 2019 to 2020

Exclusively Listed By

Discount

Dollar General - Orland, IN

Listing Price: $895,700

Cap Rate
7.40%
Tenant Name
Dollar General
Years Remaining On Lease
5.5
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$99.24
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$7.34

Investment Highlights

  • New Prototype Build Offers Low Rent of $7.34 per Square Foot with Upcoming Rental Increase of 3% in August 2021
  • Corporate is Investing Into a Store Remodel at This Location Currently
  • | 5.77 Years Remaining on Dollar General Corporate Lease with Three, Five-Year Options and 10% Rental Increases
  • Nearest Dollar Generals are Each 14 Miles Away in Angola, IN and Howe, IN | Located Less than 3 Miles from Miller Poultry – the Largest Employer in Orland
  • Dollar General Corporate Guaranty | NYSE: DG with $25.6 Billion in 2019 Annual Revenue | Ranked #119 on Fortune 500 | Investment Grade Credit Tenant (S&P: BBB)
  • Built in 2011 on 1.53 Acres | Tenant Reimburses 100% for Taxes, Insurance and Common Area Maintenance
  • "Pandemic/Recession-Resistant" Investment – Dollar General Reported a Same Store Sales Increase of 18.8% from 2019 to 2020

Investment Overview

Marcus & Millichap is proud to present the fee simple interest in Dollar General in Orland, IN. The subject property was built for the tenant in 2011 and is currently undergoing a store remodel. The tenant signed a 15 year modified NNN lease in 2011 in which the tenant reimburses 100% for CAM, Taxes and Insurance. There is a built in 3% rental increase in August of 2021. The nearest Dollar Generals are each 14 Miles away in Angola, IN and Howe, IN. Dollar General is located less than 3 Miles from Miller Poultry – the largest employer in Orland.

Exclusively Listed By

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