Dollar General Market | Near Indianapolis

Investment Highlights

15 YR NNN “NEXT GEN” DG LEASE WITH 5% BUMPS IN INITIAL LEASE & OPTIONS
• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.

NEW CONSTRUCTION DG MARKET
• The subject property is a 12,687 SF DG Market which is about 2,000 SF larger than the traditional Dollar General footprint.
• DG Market is a combo store with fresh produce, milk, meats, and other groceries added to Dollar General’s usual mix of low-price general merchandise.
• This store sits on 2.15 acres and opened in August 2024

LIMITED COMPETITION
• This is the only Dollar/Grocery store in Windfall.
• The nearest Dollar Store and Grocery store is over 8 miles away.

AFFULENT MARKET WITH CLOSE PROXIMITY TO INDIANAPOLIS
• The subject property is 1 hour north of downtown Indianapolis and the 5 mile average household income is $90,230 which is superior to most Dollar General Locations.
• Indianapolis is the capital and most populous city in Indiana and is the county seat of Marion County.
• Three Fortune 500 companies are based in the city: health insurance company Elevance Health; pharmaceutical company Eli Lilly and Company; and agricultural chemical company Corteva.
• The city has a well-developed interstate network and accessibility to a large portion of the nation in one day making the region a burgeoning logistics and distribution hub.
• Indianapolis’ costs are far below national averages, attracting businesses and residents to the area.
• Home to multiple professional sports teams including the NFL’s Indianapolis Colts and the NBA’s Indiana Pacers.

NEAR KOKOMO | LARGEST CITY IN NORTH CENTRAL INDIANA
• This DG Market is located 20 minutes from southeast of Kokomo.
• Kokomo is a county seat and is the largest city and regional center for the North Central Indiana region.
• The Kokomo MSA is expected to show 4% annual growth in employment over the next two years.
• National Retailers include Target, Lowe’s Home Improvement, Walmart, Meijer and more.

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 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.