Dollar General – Brownsburg, IN

$2,159,548
Price
$102,578.52
Noi
4.75%
Cap Rate
10,566
Leasable Area
2022
Year Built

Fortis Net Lease is pleased to present this 2022 BTS, 10,566 SF. Dollar General Plus store located in Brownsburg, Indiana- Indianapolis MSA. The property offers a brand new Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5 (5 Year) Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently under construction and on track for opening and rent commencement in June 2022.

This Dollar General is highly visible as it is strategically positioned on South Green Street which sees 21,708 cars per day. It is on the main thoroughfare into downtown Brownsburg and near all of the area schools. Only 4 miles away is the Lucas Oil Indianapolis Raceway Park that sees 500,000 visitors annually. The five mile population from the site is 91,666 while the one mile average household income is $92,475 per year, making this location ideal for a Dollar General. This area is experiencing great growth with the 3 mile population growth rate at 8.72%. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 4.75% cap rate based on NOI of$102,578.52.

INVESTMENT HIGHLIGHTS
• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• Indianapolis MSA
• 2022 BTS UPGRADED PLUS SIZE Construction
• 5 (5 Year) Options | 10% Increases At Each Option
• One Mile Household Income $92,475
• Five Mile Population 91,666 | Expected 8.02%
• 21,708 Cars Per Day on S Green Street
• Consumer Spending in a 5 Mile Radius $1.3 Billion
• Investment Grade Dollar Store with “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth
• 4 Miles From Lucas Oil Indianapolis Raceway Park | 500,000 Visitors Annually

Instate Broker of Record: Brian Brockman | Bang Realty, Inc.

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

DOWNLOAD LINKS

OFFERING MEMORANDUM