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.