Log In/Sign Up
Your email has been sent.
Dollar General | Warsaw, IN MSA 221 W School St 9,100 SF Retail Building Leesburg, IN 46538 $1,140,506 ($125.33/SF) 7.90% Cap Rate
Investment Highlights
- 4.67 Years Remaining on Absolute NNN Lease - No Landlord Responsibilities | Corporate Guaranty | Tenant Completed Interior Remodel, Showing Commitment
- Investment-Grade Tenant: Dollar General (NYSE: DG) Has 20,500+ Locations in 48 States | BBB Credit Rating by S&P
- Five, 5-Year Options with 10% Rental Increases at Each Option - Great Inflation Hedge
Executive Summary
Built in 2015 | 4.67 Years Remaining on an Absolute NNN Lease – No Landlord
Responsibilities | 10% Rental Increases in Each Five 5-Year Option
Tenant Recently Completed an Interior Remodel, Showing Commitment to Site
Lake Town Dollar General – Property is Within 10 Miles of 12 Lakes and Several
Conservation Areas
3 Miles North of Downtown Warsaw – the Orthopedic Capital of the World | Home
of Zimmer Biomet Holdings, Inc. (10K Employees in Warsaw and 20K Worldwide
with a $17.5B Market Cap) and DePuy Synthes (~10K Employees in Warsaw and
20K Worldwide with $9.2B 2024 Revenues) | DePuy Synthes is Headquartered in
Warsaw and is the Orthopedic Company of Johnson & Johnson (2024 Revenues of
$88.82B)
3 Miles from IN-15/US-30 Interchange (Combined Traffic Count of 38,601 VPD) and
Warsaw Municipal Airport| 47 Miles from Fort Wayne, IN
Leesburg is Part of the Fast-Growing Warsaw MSA With a Population of 79,456
Leesburg and the Surrounding Area Has Been Experiencing Great Population
Growth | Projected 10-Mile Population Increase from 2010 to 2030 is 8.7% | Current
10-Mile Daytime Population is 67,610
Corporate Guarantee | Dollar General (NYSE: DG) Has Over 20,500 Locations in 48
States | Investment Grade Tenant | BBB Rating by S&P
Responsibilities | 10% Rental Increases in Each Five 5-Year Option
Tenant Recently Completed an Interior Remodel, Showing Commitment to Site
Lake Town Dollar General – Property is Within 10 Miles of 12 Lakes and Several
Conservation Areas
3 Miles North of Downtown Warsaw – the Orthopedic Capital of the World | Home
of Zimmer Biomet Holdings, Inc. (10K Employees in Warsaw and 20K Worldwide
with a $17.5B Market Cap) and DePuy Synthes (~10K Employees in Warsaw and
20K Worldwide with $9.2B 2024 Revenues) | DePuy Synthes is Headquartered in
Warsaw and is the Orthopedic Company of Johnson & Johnson (2024 Revenues of
$88.82B)
3 Miles from IN-15/US-30 Interchange (Combined Traffic Count of 38,601 VPD) and
Warsaw Municipal Airport| 47 Miles from Fort Wayne, IN
Leesburg is Part of the Fast-Growing Warsaw MSA With a Population of 79,456
Leesburg and the Surrounding Area Has Been Experiencing Great Population
Growth | Projected 10-Mile Population Increase from 2010 to 2030 is 8.7% | Current
10-Mile Daytime Population is 67,610
Corporate Guarantee | Dollar General (NYSE: DG) Has Over 20,500 Locations in 48
States | Investment Grade Tenant | BBB Rating by S&P
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2015
Price
$1,140,506
Price Per SF
$125.33
Cap Rate
7.90%
NOI
$90,100
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.72 AC
Zoning
Commercial
Parking
40 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
100’ on W School Street
Property Taxes
| Parcel Number | 43-07-08-200-936.000-016 | Improvements Assessment | $789,300 |
| Land Assessment | $173,800 | Total Assessment | $963,100 |
Property Taxes
Parcel Number
43-07-08-200-936.000-016
Land Assessment
$173,800
Improvements Assessment
$789,300
Total Assessment
$963,100
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Dollar General | Warsaw, IN MSA | 221 W School St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.