Dollar General

Dollar General

TBD Convoy Road
Convoy (Near Fort Wayne), OH

Price: $1,389,000
Cap: 6.00%
NOI: $83,322
Building Size: 9,026 SF
Lot Size: 1.50 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL
• Brand new Build-to-Suit Dollar General located in Convoy, OH.
• This store is 9,026 SF with upgraded façade and is opening in January 2021.

NEAR FORT WAYNE, IN
• This Dollar General is located 25 miles Southeast of downtown Fort Wayne off of Hwy 30 (12,090 VPD).
• Fort Wayne is located in Northeastern Indiana and is the county seat of Allen County.
• Fort Wayne is the second largest city in Indiana with a population of 264,488.
• Home to multiple Colleges and Universities including Purdue Fort Wayne (14,326 Students), Indiana Tech (4,384 Students) and more.
• Fort Wayne has an $8 Billion manufacturing industry. The economy is also based on distribution, healthcare, transportation, and more.

MAJOR HIGHWAY LOCATION
• This Dollar General is located 1 mile off U.S. Highway 30 (12,090 VPD). U.S. Highway 30 is a major 3,073 Mile East-West highway that is the 3rd longest in the U.S..
• Crestview Elementary School (383 Students) is located less than half a mile down the street from this Dollar General.

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

ESSENTIAL RETAILER
• Dollar General has thrived during the pandemic and delivered their 30th consecutive year of same store sales growth in 2020.
• Dollar General continued to pay rent to their landlords during COVID even while hiring 50,000 new employees.
• Dollar General opened another 1,000 stores in 2020 and are forecasted to expand another 1,050 locations in 2021.

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 17,000 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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