Highlights

• Build-to-Suit for Dollar General
• Corporately-Guaranteed Lease
• 15-Year Double-Net Lease (Landlord Responsible for Roof/Structure)

• "B+" Rated (Positive) by Standard and Poor's
• Three Percent Rental Increase in Year 11
• Five-Mile Population: 72,252

Description

Marcus & Millichap is pleased to announce for sale a free-standing Dollar General located in Muncie, Indiana. This location benefits from a high density of residential homes and a five-mile radius population of 72,252.

The building is a new construction build-to-suit for Dollar General, the leading discount retailer in the United States. The company has been in business for over 65 years, has over 8,300 locations and recorded $10.46 Billion in sales for fiscal year 2008. The private equity firm of KKR and investment bank Goldman Sachs took Dollar General private in 2007 and the company still maintains a "B+" (positive) rating from Standard and Poor's. Dollar General reported over 10 percent sales growth in 2008. Dollar General has announced plans to create up to 4,000 new jobs to support the company's plan to open 450 new stores in 2009.

The corporately-guaranteed lease on the facility is 15 years in duration and double-net in nature, with the landlord responsible for roof/structure of the building. The lease features a three percent rental increase in year 11 and 10 percent rental increases at the beginning of each option period.

This location benefits from a high density of residential homes and a five-mile radius population of 72,252.