Dollar General | Fort Wayne MSA

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1218 SR - 8
Garrett, IN

Price: $2,097,000

Cap: 6.75%

NOI: $141,503

Building Size: 12,480 SF

Lot Size: 1.41 AC

Investment Highlights

2024 UPGRADED 12,480 SF DOLLAR GENERAL MARKET

• The subject property is a 12,480 SF upgraded construction Dollar General Market.

• 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.

• The store opened and rent commenced in January 2024.

INTERSTATE LOCATION (36,527 VPD)

• This Dollar General is located 2.5 miles off Interstate 69 (36,527 VPD). I-69 connects Garrett to Fort Wayne, IN.

FORT WAYNE MSA | 2ND LARGEST CITY IN IN

• The subject property is located 30 minutes north of downtown Fort Wayne off Interstate 69 (36,527 VPD).

• With an estimated population of 264,488, Fort Wayne is the 77th most populated city in the U.S. and the second largest city in Indiana, after Indianapolis.

• Fort Wayne is the cultural and economic center of northeastern Indiana.

• Home to multiple colleges and universities including Ivy Tech (172,200 Students), Indiana University (10,414 Students), and Purdue University Fort Wayne (8,390 Students).

• Fort Wayne is the county seat of Allen County.

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.

INVESTMENT GRADE TENANT (S&P: BBB)

• 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.

Don McMinn

678-808-2762 | EMAIL >

OFFERING MEMORANDUM

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