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

NEW UPGRADED CONSTRUCTION STORE
• 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.

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.

ATTRACTIVE LOCATION
• 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
• 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
OFFERING MEMORANDUM

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