Discount

Dollar General - Howe, IN

5580 IN-9, Howe, IN 46746

Listing Price: $981,200

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
$108.71
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.04

Investment Overview

Marcus & Millichap is proud to present the fee simple interest in Dollar General in Howe, IN. The subject property was built for the tenant in 2011 and is strategically located at a corner on State Route 9, the main thoroughfare. 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 July of 2021. The investment offers very minimal competition, as there are no other grocery stores or discount stores in town.

Investment Highlights

  • Investment Offers Low Rent of $8.04 per Square Foot and an Upcoming 3% Rental Increase in July 2021 | Three, Five-Year Renewal Options with 10% Rental Increases
  • Built in 2011 on 1.61 Acres | New Prototype | Tenant Reimburses 100% for Taxes, Insurance and Common Area Maintenance
  • Corner Location on IN-9 and Williams Street – Traffic Counts of 8,500+ Cars per Day | IN-9 is Main Retail Thoroughfare of Howe and Runs from Sturgis, MI to Columbus, OH
  • Corporate Guaranty with Dollar General | NYSE: DG | $25.6 Billion in 2019 Revenue | Ranked #119 on Fortune 500
  • Pandemic/Recession-Resistant Investment - Dollar General Reports a Same Store Sale Increase of 18.8% from 2019 to 2020
  • Dollar General is the Largest Discount Retailer in the U.S. | 17,000 Locations in 47 States – More Locations than Walmart and Target Combined

Exclusively Listed By

Financing By

Discount

Dollar General - Howe, IN

Listing Price: $981,200

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
$108.71
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.04

Investment Highlights

  • Investment Offers Low Rent of $8.04 per Square Foot and an Upcoming 3% Rental Increase in July 2021 | Three, Five-Year Renewal Options with 10% Rental Increases
  • Built in 2011 on 1.61 Acres | New Prototype | Tenant Reimburses 100% for Taxes, Insurance and Common Area Maintenance
  • Corner Location on IN-9 and Williams Street – Traffic Counts of 8,500+ Cars per Day | IN-9 is Main Retail Thoroughfare of Howe and Runs from Sturgis, MI to Columbus, OH
  • Corporate Guaranty with Dollar General | NYSE: DG | $25.6 Billion in 2019 Revenue | Ranked #119 on Fortune 500
  • Pandemic/Recession-Resistant Investment - Dollar General Reports a Same Store Sale Increase of 18.8% from 2019 to 2020
  • Dollar General is the Largest Discount Retailer in the U.S. | 17,000 Locations in 47 States – More Locations than Walmart and Target Combined

Investment Overview

Marcus & Millichap is proud to present the fee simple interest in Dollar General in Howe, IN. The subject property was built for the tenant in 2011 and is strategically located at a corner on State Route 9, the main thoroughfare. 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 July of 2021. The investment offers very minimal competition, as there are no other grocery stores or discount stores in town.

Exclusively Listed By

Financing By

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