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.