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Dollar General | Absolute NNN Lease

445 S Main St, Wilkinson (Indianapolis MSA), IN 46186

Listing Price: $1,281,984

Cap Rate
6.10%
Tenant Name
Dollar General
Years Remaining On Lease
4.8
Guarantor
Corporate Guarantee
Rentable SF
9,014
Lease Type
Absolute Net
Rent Per Square Feet
$8.68

Investment Overview

Marcus & Millichap is pleased to present for sale a Dollar General single-tenant, triple-net investment offering in Wilkinson, Indiana. Built in 2011, the property sits on 1.51 acres along South Main Street, the town’s main thoroughfare just four miles northwest of Interstate 70 & 25 miles east of Indianapolis. There is currently just under five years remaining on Dollar General’s original fifteen-year firm-term lease as well as four, five-year renewal option periods each with 10 percent rental increases at the beginning of each option period. Located within Hancock County, a fast-growing county adjacent to Indianapolis, the county is benefitting from numerous recently completed and currently in progress new residential and commercial developments. Notable developments in the area include a $600M Walmart facility, a 2nd Amazon fulfillment warehouse as well as additional class A warehouse and distribution industrial parks. Additionally, the city of McCordsville is transforming into a true live-work-play city with plans in place to build the McCordsville Town Center, a 100+ acre master-planned development that will include commercial, residential, multi-family and mixed-use space. Dollar General (NYSE: DG) is one of the largest discount retailers in the US with more than 17,000 stores in 46 states and growing. Dollar General’s market capitalization is more than $50 billion and the company has an investment-grade corporate credit rating through the major rating agencies.

Investment Highlights

  • Absolute NNN Lease-Zero Landlord Responsibilities
  • Investment-Grade Corporate Tenant-BBB S&P Credit Rating
  • Dollar General System-Wide Sales Increased by Approximately 22% Between 2019 and 2020
  • Fast-Growing Hancock County Location - Adjacent to Marion County, Indiana's Largest and Most Populated County – Near Interstate 70
  • Pathway of New Developments - Hancock County is Growing Area Experiencing Many New Commercial, Industrial and Residential Developments
  • Lease Offers Four, Five-Year Renewal Options with 10% Increases in each Option

Exclusively Listed By

Listing Price: $1,281,984

Cap Rate
6.10%
Tenant Name
Dollar General
Years Remaining On Lease
4.8
Guarantor
Corporate Guarantee
Rentable SF
9,014
Lease Type
Absolute Net
Rent Per Square Feet
$8.68

Investment Highlights

  • Absolute NNN Lease-Zero Landlord Responsibilities
  • Investment-Grade Corporate Tenant-BBB S&P Credit Rating
  • Dollar General System-Wide Sales Increased by Approximately 22% Between 2019 and 2020
  • Fast-Growing Hancock County Location - Adjacent to Marion County, Indiana's Largest and Most Populated County – Near Interstate 70
  • Pathway of New Developments - Hancock County is Growing Area Experiencing Many New Commercial, Industrial and Residential Developments
  • Lease Offers Four, Five-Year Renewal Options with 10% Increases in each Option

Investment Overview

Marcus & Millichap is pleased to present for sale a Dollar General single-tenant, triple-net investment offering in Wilkinson, Indiana. Built in 2011, the property sits on 1.51 acres along South Main Street, the town’s main thoroughfare just four miles northwest of Interstate 70 & 25 miles east of Indianapolis. There is currently just under five years remaining on Dollar General’s original fifteen-year firm-term lease as well as four, five-year renewal option periods each with 10 percent rental increases at the beginning of each option period. Located within Hancock County, a fast-growing county adjacent to Indianapolis, the county is benefitting from numerous recently completed and currently in progress new residential and commercial developments. Notable developments in the area include a $600M Walmart facility, a 2nd Amazon fulfillment warehouse as well as additional class A warehouse and distribution industrial parks. Additionally, the city of McCordsville is transforming into a true live-work-play city with plans in place to build the McCordsville Town Center, a 100+ acre master-planned development that will include commercial, residential, multi-family and mixed-use space. Dollar General (NYSE: DG) is one of the largest discount retailers in the US with more than 17,000 stores in 46 states and growing. Dollar General’s market capitalization is more than $50 billion and the company has an investment-grade corporate credit rating through the major rating agencies.

Exclusively Listed By

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