Listed by Marcus & Millichap - San Diego
$2,200,481
DOLLAR GENERAL MARKET | 15 YR ABS. NNN w/ RENT INCREASES
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,640
Cap Rate 6.65%
NOI $146,332
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 03/30/2041
Remaining Term 14.7
Rent Bumps Yes
Class A
Year Built 2026
Acreage 2.200
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Brand New 2026 Rare All-Wood Prototype Construction | Larger Format Store - Expanded Grocery
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310721/dollar-general-market
Investment highlights
- 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New 2026 Rare All-Wood Prototype Construction.
- Dollar General Market is a Larger Format Store with Expanded Grocery Offerings - This New Concept Offers Fresh Food Options including Fruits and Vegetables, Home Goods, Apparel and more.
- Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating, “BBB” by S&P’s and Annual Revenue Exceeding $42.72 Billion.
- Positioned along State Road 67, a Primary South-Side Arterial Serving as a Key Expressway Bypass Connecting Southern Muncie Directly to Interstate 69, Funneling Significant Daily Commuter and Commercial Traffic past the Subject Property.
- The Site Sits Proximate to I-69, the Primary North-South Corridor Linking Muncie to Indianapolis 50 Miles South and Fort Wayne 60 Miles North, Providing Seamless Regional Accessibility for Employees and Consumers.
- Minutes from Ball State University, a Public Research University with over 21,000 Enrolled Students Generating Consistent Year-Round Demand for Everyday Value Retail, Grocery, and Household Essentials Throughout the Surrounding Muncie Trade Area.
- Anchored by One of Indiana’s Largest Non-Government Employers, IU Health Ball Memorial Hospital Employs 2,500+ Workers and Serves as a Regional Tertiary Referral and Teaching Center, Contributing a Stable, High-Volume Base of Healthcare Employees Daily.
- The Subject Property Serves a Trade Area Population Exceeding 35,000 Residents within Five Miles, Representing Well-Above-Average Demographic Density for a Dollar General Anchored Net Lease Investment in this Asset Class.
- Muncie Anchors the Delaware County MSA and Sits within the Broader Indianapolis–Carmel– Muncie CSA, Connecting the Subject Trade Area to one of the Midwest’s Most Economically Significant Combined Metropolitan Markets.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$146,332.00
$12,194.33/mo
Valuation Metrics
0
DSCR
6.65%
Cap Rate
6.65%
ROI
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