1104 N Baldwin Ave
Marion, IN 46952
Retail Property For Sale

Marcus & Millichap is pleased to exclusively present for sale the fee simple interest in Dollar General located at 1104 N Baldwin Ave in Marion, Indiana. Dollar General signed a double net roof and structure lease on February 29, 2000 when it was converted from a Hook’s Drug Store, and has since been named one of the top performing stores in Indiana for Dollar General corporate. The tenant extended the lease in 2008, when it expanded 5,206 square feet to meet the needs of the customers and installed new coolers and freezers for perishable items. Dollar General has always taken the rental increases. Dollar General exercised its last remaining five year option which expires on February 28th 2023, which gives an incoming landlord the opportunity to increase the rent at that time. The property has been owned by the same family since it was built and offers minimal deferred maintenance, as the landlord has recently invested $39,000 into the roof and over $10,000 into resurfacing the parking lot. The property offers a low rent of $5,85 per square foot NNN, in which the tenant reimburses its pro rata share of taxes, insurance, and up to $3,900 per year of CAM exclusive of snow removal. The landlord has never gone over the allotted amount. Dollar General (NYSE: DG) is the largest small-box discount retailer in the United States with over 15,300 stores in 45 states. Dollar General stores offer convenience and value to customers by offering consumable basic items that are frequently used and replenished, such as food, snacks, health and beauty aids and cleaning supplies, as well as a selection of basic apparel, housewares and seasonal items at everyday low prices. For the 2018 fiscal year, the company report total sales of $23.5 Billion and a net worth of approximately $6.1 Billion.