DOLLAR GENERAL | NORTH VERNON, INDIANA
INVESTMENT SUMMARY
Purchase Price
$1,138,289
Location
3745 N. State Route 7
Cap Rate
7.04%
Annual Rent
$80,969.64
Building Size
9,100 SF
Land Area
3.16 Acres (137,650 sf)
Ownership
Fee Simple
Lease Type
ABSOLUTE NNN
Term Remainning
10.5 Years
LEASE EXPIRATION
06/30/2030
Renewal Options
RENT INCREASES
10% at Options
Parking
41 Spaces
Year Built
2015
APN
40-09-19-140-012.000-014
Traffic Counts
9,490 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE GUARANTEED LEASE:
- Approximately 10.5 Years Remaining in the Initial 15 Year Lease Term
- 2015 Construction - 9,100 SF
- Five (5) - Five (5) Year Options at 10% Rent Increases
- Wide Profile Building Type for Flexible Future Use & Universal Applicatons
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
- Ideal, Management-Free Investment for an Out-of-State, Passive Investor
JENNINGS COUNTY, INDIANA:
- Nature and History Prevail in Jennings County
- The Muscatatuck River Meanders Lazily Past Steep Stone Canyons, Beautiful Wooded Hillsides, and Historic Towns Creating a Recreational Paradise
- Bird Watching, Fishing, Hunting, Hiking, Rock Climbing, and Camping are Just a Few of the Outdoor Activities
- North Vernon is the County’s Only City, and the Town of Vernon Serves as County Seat
PROXIMITY TO OTHER MAJOR CITIES:
- Louisville, Kentucky | 65 Miles - 1 Hour: 6 Minute Drive
- Indianapolis, Indiana | 67 Miles - 1 Hour: 17 Minute Drive
- Cincinnati, Ohio | 72 Miles - 1 Hour: 26 Minute Drive
- Lexington, Kentucky | 111 Miles - 2 Hour: 17 Minute Drive
TENANT:
- Dollar General (NYSE: DG) Features Investment Grade Credit “BBB” by Standard & Poor’s
- 16,094 Stores in 44 States as of November 1, 2019
- Ranked #119 on the Fortune 500 List