Dollar General

Dollar General

1209 E. McKinley Ave.
Mishawaka, IN

Price: $1,598,000
Cap: 6.25%
NOI: $99,815
Building Size: 9,100 SF
Lot Size: 1.27 AC

Investment Highlights

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
• B
rand 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.

Don McMinn
OFFERING MEMORANDUM

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