Dollar General

Dollar General

900 E. Main St.
Griffith, IN

Price: $1,596,000
Cap: 6.25%
NOI: $99,728
Building Size: 9,026 SF
Lot Size: 1.95 AC

Investment Highlights

BRAND NEW CONSTRUCTION STORE
• 
Brand New 9,026 SF build-to-suit Dollar General in Griffith, IN.
• This store is currently under construction and scheduled for delivery in June 2019.

CHICAGO MSA
• Griffith, IN is located 21 miles from Chicago (pop. 2,716,450).
• Chicago is the most populous city in Illinois and the 3rd most populous city in the United States.
• Chicago's O'Hare International Airport is the 6th busiest airoprt in the world, which transported over 83 million passengers in 2018.

NEAR PRIMARY RETAIL CORRIDOR
• Subject property is surrounded by 3.9M SF of retail within a 3-mile radius.
• Nearby national retailers include Walmart, Target, TJ Maxx, OfficeMax, Kohl's and more. 
• Subject property is positioned 6.2 miles west of Interstate 65 (111,645 VPD), positioned 3.5 miles south of Interstate 94 (172,590 VPD), and 2.8 miles east of Hwy 41 (32,795 VPD).

• 5-Mile population of 175,330 and average household income of $77,001.

LONG TERM CORPORATE NNN LEASE
• Brand new 15-year corporate guaranteed lease with Dollar General.
• Tenant is 100% responsible for all expenses, which include taxes, CAM, Insurance, roof and structure.
• 10% rent increases 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 15,000 locations in 45 states and 975 new locations expected to be opened this year.
• Dollar General has been in business for 79 years and has a current net worth of over $6B.

Don McMinn
OFFERING MEMORANDUM

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