Dollar General

Dollar General

5800 E 600 N
Hamlet, IN

Price: $1,536,000
Cap: 6.25%
NOI: $95,958
Building Size: 9,026 SF
Lot Size: 1.47 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL
• Brand new upgraded 9,026 SF build-to-suit Dollar General in Hamlet, IN.
• This store is currently under construction and scheduled for delivery in January 2021.

HIGH TRAFFIC LOCATION
• Located directly off US Hwy 30 (14,735 VPD) that connects East and West Indiana. Subject is also 2 miles from the intersection of US Hwy 30 and US Hwy 35 that sees 6,173 VPD.
• Nearest competing dollar store is over 10 miles away.
• Surrounded by numerous local and regional retailers.

NEAR SOUTH BEND, IN
• Store is strategically located approximately 30 minutes South of South Bend, Indiana.
• South Bend is the fourth largest city in Indiana with an estimated population of 101,735 serving as the economic and cultural hub of Northern Indiana.
• Home to the University of Notre Dame (12,393 students) in addition to several other colleges and universities.
• The following companies have corporate headquarters in South Bend: AM General, Crowe Horwath, Martin’s Super Markets, and Schurz Communications.

NEW 15 YEAR CORPORATE NNN LEASE
• Brand new 15-year corporate guaranteed lease with Dollar General.
• Tenant 100% responsible for all expenses, including taxes, insurance, roof and structure.
• 10% rent increase in each of the five, 5-year option periods.

INVESTMENT GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 16,500 locations and expanding by 1,000 stores each year.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Don McMinn
OFFERING MEMORANDUM

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