BRAND NEW CONSTRUCTION STORE • BrandNew7,545SFBuildtoSuitDollarGeneralinZanesville, 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 toIndianaUniversity–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.