Dollar General | Knox | Indiana 1055 SR 23

Investment Highlights

Dollar General?s New Prototype at 10,566 SF Located near Bass Lake a popular area for Fishing, Boating, and Water Sports Investment Grade Tenant | Standard & Poor?s ?BBB? Rating | In Business Since 1939 Dollar General thrives on being in rural areas offering a wide variety of products at great prices | No immediate competitors Tenant is the Nation?s Largest Discount Retailer with Over 18,000 Locations in 47 States Ranked 91 on the 2021 Fortune 500 List

Executive Summary

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar General property positioned in Knox, Indiana. The property was constructed in 2023 and leased to Dollar General on a 15-year lease which commenced in August 2023. The subject lease features five 5-year renewal options with 10% rental escalations at the start of each. There is also a guaranty from Dollar General Corporation. The 10,566 square foot building is located at the intersection of State Route 23 and State Route 8 in Knox, Indiana. Knox is positioned roughly halfway between Chicago and Fort Wayne. The location features ideal demographics for a Dollar General. There are over 14,100 people living within a seven-mile radius. The average household income within the same radius is $72,631. Additionally, the property benefits from its proximity Bass Lake which is a popular fishing and watersports destination for surrounding communities.Dollar General Corporation is an American chain of variety stores headquartered in Goodlettsville, Tennessee, which has been in expansion mode for several years. Dollar General offers products that are frequently used and replenished?such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items?at low, everyday prices in convenient neighborhood locations. A leading discount retailer, Dollar General operates more than 18,130 stores in 46 states and has plans for significant future growth.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Retail
• Building Size    10,566
• Year Built    2023
• Price    1,686,567
• Price Per SF    160
• Cap Rate    6.70
• NOI    113,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.14
• Land Acres    1.70 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.