Dollar General

Dollar General

26663 US Highway
South Bend, IN

Price: $1,640,000
Cap: 6.25%
NOI: $102,484
Building Size: 9,100 SF
Lot Size: 1.29 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION STORE
• Brand New 9,100 SF build-to-suit Dollar General in South Bend, IN.
• This store has upgraded construction and is scheduled for delivery late May 2020.

SOUTH BEND
• South Bend is the fourth largest city in IN with an estimated population of 101,735 serving as the economic and cultural hub of Northern Indiana.
• Home to the University of Notre Dame (12,393 students) in addition to several other colleges and universities.
• The following companies have corporate headquarters in South Bend: AM General, Crowe Horwath, Martin’s Super Markets, and Schurz Communications

NEAR NOTRE DAME UNIVERSITY
• This Dollar General is well located on US 20 (9,520) VPD approximately 10 miles from Notre Dame University.
• 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 Heismen Trophy winners, and 62 members in the College Football Hall of Fame.

LONG TERM CORPORATE ABSOLUTE 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.
• There are 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 $6B.

OFFERING MEMORANDUM

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