Dollar General

Dollar General

1075 North Main Street
Goshen, IN

Price: $1,600,000
Cap: 6.25%
NOI: $99,952
Building Size: 9,002 SF
Lot Size: 1.00 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION STORE
• Brand New 9,002 SF build-to-suit Dollar General in Goshen, IN.
• This store has upgraded construction and is scheduled for delivery early in December 2019.

SOUTH BEND MSA
• Goshen is located 10 miles southeast of Elkhart and is part of the South Bend-Elkhard-Mishawaka Combined MSA.
• The city of Goshen is home to over 30,000 residents and was settled in 1831.
• Goshen is the county seat of Elkhart, Indiana.

ATTRACTIVE LOCATION
• Well located on North Main Street (SR 15) with 13,179 VPD.
• The 5-mile population is 53,468 and average household income is $71,701 which is superior to most Dollar General locations.
• Located in attractive residential area and surrounded by combination of local and national retailers.

LONG TERM CORPORATE NNN LEASE
• Brand new 15-year corporate guaranteed lease with Dollar General.
• Tenant 100% responsible for all expenses, which include taxes, CAM, insurance, roof and structure.
• 10% rent increase in each of the five, 5-year option periods.

INVESTMENT GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company and is BBB investment grade rated.
• Currently over 15,836 locations in 45 states and 975 new locations expected to be opened this year.
• Dollar General has been in business for 80 years and has a current net worth of over $6 billion.

Don McMinn
OFFERING MEMORANDUM

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