11280 W US 36
Losantville, IN 47354

Marcus & Millichap is proud to exclusively present for sale this net-leased Dollar General located in Losantville, Indiana. The subject property is approximately 8,988 square feet and sits on about 1.9 acres, with excellent exposure at the intersection of U.S. Route 35 and U.S. Route 36. Despite the small size of the market, this Dollar General has a surrounding population of over 3,130 people within five miles, and thrives on the lack of competition from both discount stores and big box grocery stores nearby. Losantville is just 18 miles from Muncie, Indiana, which is home to Ball State University. Ball State has 21,998 students and is a major economic driver of Eastern Indiana. There are over 84,490 residents within 15 miles of this Dollar General location with an average household income of $53,265. The build-to-suit construction for Dollar General was completed in 2010, with Dollar General signing an original 10 year lease. The store was built with the premium corner entrance layout, which has been proven to draw more traffic to Dollar General locations. There are 10 percent rent increases in each of the four, five-year options available. The tenant reimburses for all CAM expenses, insurance and taxes, as well as maintenance, repair or replacement of the HVAC system. This offering is an ideal opportunity for an investor to acquire a net leased asset with investment grade credit and strong returns, along with the potential to capture upside from the upcoming rent increases.