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