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.