Dollar General

Dollar General

TBD S Bierman Street
Wheatfield, IN

Price: $1,417,000
Cap: 6.65%
NOI: $94,200
Building Size: 9,100 SF
Lot Size: 2.5 AC

Investment Highlights

• Brand New 9,100 SF Build to Suit Dollar General in Wheatfield, IN.
• This store has upgraded construction and is scheduled for delivery late January 2020.

• 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.

• 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.

• The 5 mile Avg household income is $70,268 which is superior to most Dollar General
• This store is located on US Hwy 10 (5,884 VPD) which connects Wheatfield, Stoutsburg, Kersey and De Motte.
• Surrounded by numerous local and regional retailers

• Wheatfield, IN is located at the eastern end of the State Route 10 growth corridor that runs across northern Jasper County and about 15 miles south of the suburbanized area of NW IN.
• Historically a farming village, today the community functions as more of a bedroom locality for employment centers to the north.
• Wheatfield is growing rapidly and is expected to continue as the trend of suburbanization pushes south from the Valparaiso area in neighboring Porter County.
• Major employers NIPSCO and Georgia-Pacific Gypsum call the community home and the area also boasts outstanding public facilities such as the Wheatfield Library, Centennial Park, and Kankakee Valley High School.
• Wheatfield is also the jumping off point for exploration of the Jasper – Pulaski Fish & Wildlife Area to the southeast, provides access to the nearby Kankakee River and related recreational opportunities, and is at the center of the annual Sandhill Crane Migration

Don McMinn

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