Princeton, IN - Dollar General

Description:

Brand New 15 Year Lease | Corporate Guaranteed | Scheduled Rental Increases | Options to Extend
• 15-year lease with 5 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 18,000 locations
• The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation
Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
Strong Operator | 1,000+ New Stores In 2021
• Dollar General Stores is an American chain of variety stores that has become one of the most profitable stores in the rural United States with revenue reaching $34.22 billion
• The company has opened 1,050 new stores across the U.S. in 2021, expanding its presence to 46 states throughout the country

Off US Highway 41 | Brand New Construction | Easy Access | Several National/Credit Tenants
• Dollar General is 1 mile off US Highway 41 (17,200 VPD)
• Brand new construction which features high-level finishes and distinct design elements
• The asset benefits from excellent visibility via significant street frontage
• Subject property is surrounded by several national/credit tenants such as Walgreens, Arby’s, McDonald’s, Wendy’s, CVS, and more
Local Demographics In 10-Mile Trade Area
• More than 22,000 residents and 20,000 employees support the 10-mile area
• $84,584 average household income