Dollar General 17604 Wayne St

LOW RENT & PRICE POINT
• This Dollar General has a low rent which equates to a low price point of $1.1 million
10-YEAR CORPORATE NNN LEASE
• The subject property has been here since 2019 and has just under 10 years left on its 15-year corporate NNN lease.
• There are 10-percent rent increases in each of the five, 5-year option periods.
• The Tenant is 100% responsible for all expenses, including taxes, CAM, Insurance, roof and structure.
NEAR 4.6M SQUARE FOOT GENERAL MOTORS ASSEMBLY PLANT
• The subject property is located less than 5 miles from a 4.6 million square foot General Motors manufacturing plant that supports 4,363 employees.
• Employees at Fort Wayne Assembly build more than 1,300 trucks each day, assisted by over 2,200 robots.
• General Motors has invested $1.9 Billion in it’s Fort Wayne operation. The facility has paid its employees over $400 million in taxable wages, and donated over $600K to local Fort Wayne nonprofits.
POSITIONED NEAR 2 MAJOR INTERSTATES (60,748 VPD)
• This Dollar General is located less than 3 miles from I-469 (24,714 VPD) which connects Zanesville directly to downtown Fort Wayne.
• The property is also located less than 5 miles from I-69 (36,034 VPD).
AFFLUENT FORT WAYNE SUBURB WITH ATTRACTIVE 10.76% GROWTH
• Zanesville, an affluent and growing suburb, with the average household income of $108,040, and 10.76% growth within 5 miles, is located 15 miles south of Fort Wayne, IN and is part of the MSA.
• Fort Wayne has an estimated population of 264,488 and is the second largest city in Indiana and the 77th most populated city in the U.S.
• Fort Wayne ’s economy is based upon distribution, transportation and logistics, healthcare, professional and business services, leisure and hospitality, financial services, and the defense industry.
• The city is beginning a multi-phase development to convert its riverfront into a vibrant tourist and retail area.
• Fort Wayne is home to Indiana University Fort Wayne (13,459 students) and Purdue University Fort Wayne (14,326 students).
• Fort Wayne is the county seat of Allen County.
INVESTMENT GRADE TENANT (S&P: BBB) W/ 20,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.