Dollar General Market - Rare Supermarket Format
Full-service Grocery + ATM Drive-thru | | #1 DG in Indiana | 24,341 SF
Marketing description
Dollar General Market is a supermarket concept that is double the size of a typical DG Market, serving regional hub communities as a traditional full-service grocery store and Dollar General store. There are only three other supermarket concept Dollar General Market stores located in Indiana, and the Elwood store ranks as the #1 performing DG store in the state and top 90% in the country according to Placer.ai.
Prior to the commencement of Dollar General’s second renewal option period, DG proposed a 10-year renewal. In addition, DG will also install a brand new HVAC system at its own expense in 2026. These are clear signals that subject store is a high-performing asset to DG and its long-term commitment to this site.
About Elwood, Indiana
Elwood sits in the heart of Madison County, which is part of the Indy-Carmel-Anderson MSA, 20-30 miles northeast of Noblesville and Indy, a major growth engine in tech and logistics sectors. This positioning gives the city exceptional access to major metropolitan markets while maintaining the advantages of a smaller community. Elwood’s greatest asset is its strategic position within Indiana’s industrial corridor, and the city’s major employers are over 84-year-old manufacturers whose products and operations align closely with the region's well-established logistics industry.
The proximity to Interstate 69 (about 15 minutes east) is particularly valuable. I-69 has been transforming central Indiana's logistics landscape, and Elwood benefits from that without the premium costs in communities directly on the interstate.
Investment highlights
- 10 Year Net commenced February 1, 2026 | 4, 5-Year Option Periods
- Dollar General initiated negotiations to extend its 2nd renewal option to 10 years and will install a new HVAC system at its own expense, clearly signalling that subject store is a high-performing asset and DG’s long-term commitment to this site.
- No. 1-ranked Dollar General store in the state of Indiana and top 90% in the country according to Placer.ai.
- Elwood, Indiana is a small town, but not a sleepy one. Located in Madison County, which is part of the Indy-Carmel-Anderson MSA. 20-30 miles north of Noblesville and Indy, a major growth engine in tech and logistics sectors. Elwood's major employers are manufacturers whose products and operations align closely with the region's well-established logistics industry, creating natural synergies across the local economy.
- Strip Center adjacent to DG Supermarket is owned by a local resident and has gut renovated the space into a brand new gym, popular among locals. The strip center is not vacant and is actively managed and visited.
- Investment Grade Dollar General Corporate Guarantee NYSE: DG; S&P rating ‘BBB’
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