Dollar General

Dollar General

51195 SR 933
South Bend, IN

Price: $1,625,000
Cap: 6.15%
NOI: $99,936
Building Size: 9,002 SF
Lot Size: 1.38 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION STORE
• Brand New 9,002 SF build-to-suit Dollar General in South Bend, IN.
• This store offers upgraded construction and is scheduled for late January 2020 delivery and early February 2020 rent commencement.

SOUTH BEND
• South Bend is the fourth largest city in Indiana with an estimated population of over 101,735, serving as the economic and cultural hub of Northern Indiana.
• Home to the University of Notre Dame with a total student population of 12,393, In addition to several colleges and universities.
• The following companies all have corporate headquarters in South Bend: AM General, Crowe Horwath, Martin’s Super Markets, and Schurz Communications.
• South Bend is located in St. Joseph county and is the county seat.

CLOSE PROXIMITY TO NOTRE DAME
• The University of Notre Dame is a Catholic university founded in 1842, that covers 1,265 acres with a total student population of 12,393.
• University of Notre Dame is ranked #15 in National Universities rankings.
• Over 80% of the university’s 8,000+ undergraduates live on campus.
• The football team has accumulated eleven national championships, seven Heisman Trophy winners, and 62 members in the College Football Hall of Fame.

ATTRACTIVE RETAIL LOCATION
• The 5-mile population for this property is 100,113, and the average household income is $72,601 which is superior to most Dollar General locations.
• Strategically positioned on US Hwy 933 (25,652 VPD) and less than 2 miles from Interstate 90 (16,919 VPD).
• Surrounding national retail tenants include Lowe’s, CVS, Starbucks, O’Reilly Auto Parts and many more.

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 16,000 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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