5 MILE POPULATION 169,419 • The 5 Mile Population is 169,419 and the 5-mile average household income in $75,976, which is superior to most Dollar General Locations
LOCATED IN LA FITNESS SHOPPING CENTER WITH 56,917 VPD • The subject property is 8,320 SF and is attached to a 45,000 SF LA Fitness in Indianapolis, IN. • The center has three entry points and is positioned at the signalized intersection of Hwy 36 & N Mitthoefer Rd with a combined traffic count of 56,917. • This property is only 3 miles off Interstate 465 which sees 165,490 VPD. • The center has multiple outparcels including 2 strip centers with Aspen Dental, Smoothie King, and Jimmy Johns. • Nearby national retailers include Kroger, Discount Tire, Goodwill, Kohls and more.
INDIANAPOLIS | CAPITAL OF INDIANA • 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.
5 YEAR CORPORATE NN LEASE • Dollar General exercised a 5-year lease extension early and has over 5 Years remaining on a Corporate Guaranteed NN Lease. • Tenant is responsible for taxes and fully reimburses for taxes and common area expenses. • There are limited Landlord responsibilities which only include Roof & Structure. • There are 10% rent increases in each of the Four, 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 19,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 84 years and has a current net worth of over $54.4 billion.