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Dollar General | Warsaw, IN MSA 221 W School St 9,100 SF Retail Building Leesburg, IN 46538 $1,572,188 CAD ($172.77 CAD/SF) 7.90% Cap Rate
INVESTMENT HIGHLIGHTS
- 4.67 Years Remaining on Absolute NNN Lease - No Landlord Responsibilities | Corporate Guaranty | Tenant Completed Interior Remodel, Showing Commitment
- Investment-Grade Tenant: Dollar General (NYSE: DG) Has 20,500+ Locations in 48 States | BBB Credit Rating by S&P
- Five, 5-Year Options with 10% Rental Increases at Each Option - Great Inflation Hedge
EXECUTIVE SUMMARY
Built in 2015 | 4.67 Years Remaining on an Absolute NNN Lease – No Landlord
Responsibilities | 10% Rental Increases in Each Five 5-Year Option
Tenant Recently Completed an Interior Remodel, Showing Commitment to Site
Lake Town Dollar General – Property is Within 10 Miles of 12 Lakes and Several
Conservation Areas
3 Miles North of Downtown Warsaw – the Orthopedic Capital of the World | Home
of Zimmer Biomet Holdings, Inc. (10K Employees in Warsaw and 20K Worldwide
with a $17.5B Market Cap) and DePuy Synthes (~10K Employees in Warsaw and
20K Worldwide with $9.2B 2024 Revenues) | DePuy Synthes is Headquartered in
Warsaw and is the Orthopedic Company of Johnson & Johnson (2024 Revenues of
$88.82B)
3 Miles from IN-15/US-30 Interchange (Combined Traffic Count of 38,601 VPD) and
Warsaw Municipal Airport| 47 Miles from Fort Wayne, IN
Leesburg is Part of the Fast-Growing Warsaw MSA With a Population of 79,456
Leesburg and the Surrounding Area Has Been Experiencing Great Population
Growth | Projected 10-Mile Population Increase from 2010 to 2030 is 8.7% | Current
10-Mile Daytime Population is 67,610
Corporate Guarantee | Dollar General (NYSE: DG) Has Over 20,500 Locations in 48
States | Investment Grade Tenant | BBB Rating by S&P
Responsibilities | 10% Rental Increases in Each Five 5-Year Option
Tenant Recently Completed an Interior Remodel, Showing Commitment to Site
Lake Town Dollar General – Property is Within 10 Miles of 12 Lakes and Several
Conservation Areas
3 Miles North of Downtown Warsaw – the Orthopedic Capital of the World | Home
of Zimmer Biomet Holdings, Inc. (10K Employees in Warsaw and 20K Worldwide
with a $17.5B Market Cap) and DePuy Synthes (~10K Employees in Warsaw and
20K Worldwide with $9.2B 2024 Revenues) | DePuy Synthes is Headquartered in
Warsaw and is the Orthopedic Company of Johnson & Johnson (2024 Revenues of
$88.82B)
3 Miles from IN-15/US-30 Interchange (Combined Traffic Count of 38,601 VPD) and
Warsaw Municipal Airport| 47 Miles from Fort Wayne, IN
Leesburg is Part of the Fast-Growing Warsaw MSA With a Population of 79,456
Leesburg and the Surrounding Area Has Been Experiencing Great Population
Growth | Projected 10-Mile Population Increase from 2010 to 2030 is 8.7% | Current
10-Mile Daytime Population is 67,610
Corporate Guarantee | Dollar General (NYSE: DG) Has Over 20,500 Locations in 48
States | Investment Grade Tenant | BBB Rating by S&P
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2015
Price
$1,572,188 CAD
Price Per SF
$172.77 CAD
Cap Rate
7.90%
NOI
$124,203 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.72 AC
Zoning
Commercial
Parking
40 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
100’ on W School Street
PROPERTY TAXES
| Parcel Number | 43-07-08-200-936.000-016 | Improvements Assessment | $1,088,050 CAD |
| Land Assessment | $239,583 CAD | Total Assessment | $1,327,633 CAD |
PROPERTY TAXES
Parcel Number
43-07-08-200-936.000-016
Land Assessment
$239,583 CAD
Improvements Assessment
$1,088,050 CAD
Total Assessment
$1,327,633 CAD
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Dollar General | Warsaw, IN MSA | 221 W School St
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