BRAND NEW CONSTRUCTION STORE • Brand new 9,100 SF build-to-suit Dollar General in Mishawaka, IN. • This store is currently under construction and scheduled for delivery in May 2019.
SUPERIOR DEMOGRAPHICS • The 5-mile population is 178,248 and the average household income is $66,373, which is superior compared to the usual Dollar General location.
SOUTH BEND MSA • Subject property is less than 5 miles from South Bend, which is the 4th largest city in Indiana with an estimated population of 101,735. • South Bend serves as an economic and cultural hub of Northern Indiana and is home to the highly ranked University of Notre Dame.
UNIVERSITY OF NOTRE DAME • The main campus covers 1,265 acres and has a total student population of 12,467. • US News lists the University of Notre Dame in the Top 20 Universities in the United States for 2019. • Notre Dame football is a Division I competitor and has 11 national championships, 7 Heisman Trophy winners, and 13 members in the NFL Hall of Fame.
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 currently holds an investment grade credit rating of BBB with S&P. • 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.