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Brand New Construction Dollar General | Outside Fort Wayne | 15-Year Abs Net Lease | Relocation Site

433 W 7th St, Auburn (Outside Fort Wayne), IN 46706

Listing Price: $1,558,125

Cap Rate
6.40%
Tenant Name
Dollar General
Years Remaining On Lease
15.20
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$171.22
Lease Type
Absolute Net
Rent Per Square Feet
$10.96

Investment Overview

Auburn is a city in DeKalb County, located 20 miles north of Fort Wayne in Northern Indiana. Interstate 69 passes just west of the city. City leaders partner with government and business leaders in a 10-county radius to support Northeast Indiana’s continual economic development. As the county seat of DeKalb County, Auburn is a large part of that draw. The “Home of the Classics” values coupled with next-generation practices provide the best of both: small-town appeal and large-city progressiveness. Auburn’s downtown has long played an important role in the social and economic vitality of the city. Recent revitalization efforts have only increased Downtown Auburn’s visibility and positioned it for a sustainable and economically viable future.

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2020 Construction.
  • Positioned Along City's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility w/ Daily Traffic Counts Exceeding 18k Vehicles.
  • This Location is a Relocation Site from Across the Street - Demonstrating a Strong Commitment to the Area.
  • Ranked #119 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $25.6 Billion
  • Near Numerous National Retailers including a Walmart Supercenter, Kroger, The Home Depot, ALDI and many more.
  • Site is located within the Opportunity Zone - An Investment Program that Offers Tax Incentives through a Qualified Opportunity Fund.

Exclusively Listed By

Discount

Brand New Construction Dollar General | Outside Fort Wayne | 15-Year Abs Net Lease | Relocation Site

Listing Price: $1,558,125

Cap Rate
6.40%
Tenant Name
Dollar General
Years Remaining On Lease
15.20
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$171.22
Lease Type
Absolute Net
Rent Per Square Feet
$10.96

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2020 Construction.
  • Positioned Along City's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility w/ Daily Traffic Counts Exceeding 18k Vehicles.
  • This Location is a Relocation Site from Across the Street - Demonstrating a Strong Commitment to the Area.
  • Ranked #119 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $25.6 Billion
  • Near Numerous National Retailers including a Walmart Supercenter, Kroger, The Home Depot, ALDI and many more.
  • Site is located within the Opportunity Zone - An Investment Program that Offers Tax Incentives through a Qualified Opportunity Fund.

Investment Overview

Auburn is a city in DeKalb County, located 20 miles north of Fort Wayne in Northern Indiana. Interstate 69 passes just west of the city. City leaders partner with government and business leaders in a 10-county radius to support Northeast Indiana’s continual economic development. As the county seat of DeKalb County, Auburn is a large part of that draw. The “Home of the Classics” values coupled with next-generation practices provide the best of both: small-town appeal and large-city progressiveness. Auburn’s downtown has long played an important role in the social and economic vitality of the city. Recent revitalization efforts have only increased Downtown Auburn’s visibility and positioned it for a sustainable and economically viable future.

Exclusively Listed By

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