Dollar General 1105 38th Street

The Klink Group of Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a single-tenant, triple-net leased Dollar General investment located at 1105 East 38th Street in Marion, Indiana. The building was a build-to-suit for Dollar General in 2018 and sits on 0.90 acres of prime real estate along East 38th Street and is centrally located between Indiana Wesleyan University, a private Christian university with 3,000 students and the VA Northern Indiana Health Care System hospital, a 144-acre healthcare campus that offers a wide range of health, support, and facility services for Veterans in northern Indiana such as: Primary Care, Mental Health Care, Specialty Care and Social Programs and Services. The firm term lease in-place runs through September 2033 with five, five-year renewal options thereafter, each with rental escalators. Dollar General is financially responsible for everything at the subject site including real property taxes, insurance, and all common area maintenance costs (including roof, structure & parking lot). Dollar General (NYSE: DG) is one of the largest discount retailers in the US with more than 17,000 stores in 46 states and growing. Dollar General’s market capitalization is more than $50 billion and the company has an investment-grade corporate credit rating through the major rating agencies.
The firm term lease in-place runs through August 2033 with five, five-year renewal options thereafter, each with rental escalators. Dollar General is financially responsible for everything at the subject site including real property taxes, insurance, and all common area maintenance costs (including roof, structure & parking lot). Dollar General (NYSE: DG) is one of the largest discount retailers in the US with more than 17,000 stores in 46 states and growing. Dollar General’s market capitalization is more than $50 billion and the company has an investment-grade corporate credit rating through the major rating agencies.