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Brand New Construction Dollar General | Between Fort Wayne & South Bend | 15 Year Absolute Net Lease

SEC of US-6 & N 300 E, Kendallville, IN 46755

Listing Price: $1,843,158

Cap Rate
5.20%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$173.23
Lease Type
Absolute Net
Rent Per Square Feet
$9.01

Investment Overview

Kendallville is a city in Wayne Township, Noble County, in the U.S. state of Indiana. Noble County comprises the Kendallville, IN Micropolitan Statistical Area and is included in the Fort Wayne-Huntington-Auburn, IN Combined Statistical Area. Noble County is in the state’s northeast corner. Its low, rolling terrain is dotted with lakes and wetlands, but is otherwise entirely devoted to agriculture or urban development. Its highest point, Sand Hill in Wayne Township, near the county’s north line with LaGrange County, is the state’s second-highest named point. The Elkhart River flows from the NW part of the county into Elkhart County.

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2022 Construction.
  • Ranked #112 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $33.74 Billion.
  • Hard Corner Location - Features Easy Access and Excellent Visibility. Positioned Along one of the City's Main Roads. In Close Proximity to Numerous Industrial Parks.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Discount

Brand New Construction Dollar General | Between Fort Wayne & South Bend | 15 Year Absolute Net Lease

Listing Price: $1,843,158

Cap Rate
5.20%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$173.23
Lease Type
Absolute Net
Rent Per Square Feet
$9.01

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2022 Construction.
  • Ranked #112 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $33.74 Billion.
  • Hard Corner Location - Features Easy Access and Excellent Visibility. Positioned Along one of the City's Main Roads. In Close Proximity to Numerous Industrial Parks.

Investment Overview

Kendallville is a city in Wayne Township, Noble County, in the U.S. state of Indiana. Noble County comprises the Kendallville, IN Micropolitan Statistical Area and is included in the Fort Wayne-Huntington-Auburn, IN Combined Statistical Area. Noble County is in the state’s northeast corner. Its low, rolling terrain is dotted with lakes and wetlands, but is otherwise entirely devoted to agriculture or urban development. Its highest point, Sand Hill in Wayne Township, near the county’s north line with LaGrange County, is the state’s second-highest named point. The Elkhart River flows from the NW part of the county into Elkhart County.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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