Dollar General

Dollar General

17604 Wayne St.
Zanesville, IN

Price: $1,237,000
Cap: 6.40%
NOI: $79,151
Building Size: 7,545 SF
Lot Size: 1.96 AC

Investment Highlights

BRAND NEW CONSTRUCTION STORE
• 
Brand  New  7,545  SF  Build  to  Suit  Dollar  General  in  Zanesville, IN.
• This store is scheduled for delivery February 2019.

ATTRACTIVE DEMOGRAPHICS
• The 5-Mile average household income is $87,653 which is superior from typical Dollar General locations.

FORT WAYNE MSA
• Zanesville is located 15 miles South of Fort Wayne, IN and is part of the Fort Wayne MSA.
• Fort Wayne has an estimated population of 264,488 and is the second largest city in Indiana and the 77th most populated city in the U.S.  
• 
Fort Wayne ’s economy is based upon distribution, transportation and logistics, healthcare, professional and business services, leisure and hospitality, financial services, and the defense industry.
• The city is beginning a multi-phase development to convert its riverfront into a vibrant tourist and retail area.
• Fort Wayne is home to  Indiana  University    Purdue University which enrolls 13,459 undergraduate and postgraduate students.
• Fort Wayne is the county seat of Allen County.

LONG TERM CORPORATE NNN LEASE
• The subject property has a brand new 15-year Corporate Guaranteed Lease with Dollar General.
• The Tenant is 100% responsible for all expenses, including taxes, CAM, Insurance, roof and structure.
• There are 10-percent 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.
• There are currently over 15,000 locations in 45 states and is opening 900 locations this year.
• Dollar General has been in business for 79 years and has a net worth of over $6.1 B. 

Don McMinn
OFFERING MEMORANDUM

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