Dollar General: 250K 5-Mi Pop, 25K VPD
Absolute Net | 7.00% Cap | Corporate Guarantee
Investment highlights
Best In Class Tenant - Corporate guarantee by Dollar General, a nationally recognized corporation with over 19,000 locations. The lease also includes 9% rent bumps in all option periods.
Established, Long-Term Location - The tenant recently extended their lease term for an additional five years by executing their first option period. They have three (3), 5-year option periods remaining.
Strong Demographics - Located within the Indianapolis MSA, the property benefits from over 254,700 residents within 5 miles and sees over 27,000 vehicles per day on Keystone Ave.
Growing Area - A new proposed 95-unit multifamily project is located directly across the street from the property. The Indiana State Fairgrounds are also located less than a mile from the property.
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