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Dollar General

3510 IN-104, La Porte, IN 46350

Listing Price: $1,788,800

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
13.2
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$10.32

Investment Overview

,100 Square-Foot Neighborhood Dollar General | Located on 1.15 Acres on SR-104 – Main Thoroughfare to Downtown La Porte| Built to Suit for Dollar General | Absolute Triple-Net (NNN) Lease A Lake Town Dollar General | It is the Closest Dollar General to Upper and Lower Fish Lake as well as Cranberry Lake and Campground | The Only Dollar General Within Six Miles Corporately Guaranteed by Dollar General Inc. (NYSE:DG) | Investment Grade S&P BBB Credit Rating | 2021 Revenue was $33.75 Billion, it’s 31st Year of Consecutive Growth Dollar General is an Essential Retailer and Has Proven to be One of the Most Profitable Companies Throughout COVID Pandemic Reflected in a 21.6 Percent Net Sales Increase Strategically Located on SR 104 in the Michigan City-La Porte, IN MSA | 22 Major Markets Located Within 600 Miles of the MSA- Located Where the Growing 10 Mile Population Exceeds 47,000 Major Employers of La Porte County Consists of: IU Health La Porte Hospital, Blue Chip Casino, Saint Anthony Memorial Health Center, La Porte Community School Corporation, La Porte County Office and Alpha Baking Company

Investment Highlights

  • 9,100 Square-Foot Neighborhood Dollar General | Located on 1.15 Acres on SR-104 – Main Thoroughfare to Downtown La Porte| Built to Suit for Dollar General | Absolute Triple-Net (NNN) Lease
  • Built in 2020, Dollar General has 13.5 Years Remaining on a 15 Year Absolute Triple-Net (NNN) Lease With Five, Five Year Options With 10 Percent Increases in Each Option
  • A Lake Town Dollar General | It is the Closest Dollar General to Upper and Lower Fish Lake as well as Cranberry Lake and Campground | The Only Dollar General Within Six Miles
  • Corporately Guaranteed by Dollar General Inc. (NYSE:DG) | Investment Grade S&P BBB Credit Rating | 2021 Revenue was $33.75 Billion, it's 31st Year of Consecutive Growth
  • Strategically Located on SR 104 in the Michigan City-La Porte, Indiana MSA | 22 Major Markets Located within 600 Miles of the MSA- Located Where the Growing 10 Mile Population Exceeds 47,000
  • Dollar General is an Essential Retailer and has Proven to be One of the Most Profitable Companies Throughout COVID Pandemic Reflected in a 21.6 Percent Net Sales Increase
  • Major Employers of La Porte County Consists of: IU Health La Porte Hospital, Blue Chip Casino, Saint Anthony Memorial Health Center, La Porte Community School Corporation, La Porte County Office and Alpha Baking Company

Exclusively Listed By

Financing By

Discount

Dollar General

Listing Price: $1,788,800

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
13.2
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$10.32

Investment Highlights

  • 9,100 Square-Foot Neighborhood Dollar General | Located on 1.15 Acres on SR-104 – Main Thoroughfare to Downtown La Porte| Built to Suit for Dollar General | Absolute Triple-Net (NNN) Lease
  • Built in 2020, Dollar General has 13.5 Years Remaining on a 15 Year Absolute Triple-Net (NNN) Lease With Five, Five Year Options With 10 Percent Increases in Each Option
  • A Lake Town Dollar General | It is the Closest Dollar General to Upper and Lower Fish Lake as well as Cranberry Lake and Campground | The Only Dollar General Within Six Miles
  • Corporately Guaranteed by Dollar General Inc. (NYSE:DG) | Investment Grade S&P BBB Credit Rating | 2021 Revenue was $33.75 Billion, it's 31st Year of Consecutive Growth
  • Strategically Located on SR 104 in the Michigan City-La Porte, Indiana MSA | 22 Major Markets Located within 600 Miles of the MSA- Located Where the Growing 10 Mile Population Exceeds 47,000
  • Dollar General is an Essential Retailer and has Proven to be One of the Most Profitable Companies Throughout COVID Pandemic Reflected in a 21.6 Percent Net Sales Increase
  • Major Employers of La Porte County Consists of: IU Health La Porte Hospital, Blue Chip Casino, Saint Anthony Memorial Health Center, La Porte Community School Corporation, La Porte County Office and Alpha Baking Company

Investment Overview

,100 Square-Foot Neighborhood Dollar General | Located on 1.15 Acres on SR-104 – Main Thoroughfare to Downtown La Porte| Built to Suit for Dollar General | Absolute Triple-Net (NNN) Lease A Lake Town Dollar General | It is the Closest Dollar General to Upper and Lower Fish Lake as well as Cranberry Lake and Campground | The Only Dollar General Within Six Miles Corporately Guaranteed by Dollar General Inc. (NYSE:DG) | Investment Grade S&P BBB Credit Rating | 2021 Revenue was $33.75 Billion, it’s 31st Year of Consecutive Growth Dollar General is an Essential Retailer and Has Proven to be One of the Most Profitable Companies Throughout COVID Pandemic Reflected in a 21.6 Percent Net Sales Increase Strategically Located on SR 104 in the Michigan City-La Porte, IN MSA | 22 Major Markets Located Within 600 Miles of the MSA- Located Where the Growing 10 Mile Population Exceeds 47,000 Major Employers of La Porte County Consists of: IU Health La Porte Hospital, Blue Chip Casino, Saint Anthony Memorial Health Center, La Porte Community School Corporation, La Porte County Office and Alpha Baking Company

Exclusively Listed By

Financing By

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