304 Michigan St
Walkerton, IN 46574
Dollar General · Retail Property For Sale

Marcus & Millichap is pleased to present this single tenant Dollar General located in Walkerton, Indiana. The 9,000 square foot building was originally built in 1972, however it was renovated in 1998 for Dollar General and again in 2018 with an complete interior remodel. The parking lot was also recently repaved, restriped and sealed, and a new HVAC system installed in the summer of 2019. Dollar General signed an original 5-year lease in 1998, with three, 3-year renewal options available at that time. Since then, Dollar General has elected to exercise two additional, five-year renewal options illustrating their success and commitment to this location including the most recent in the summer of 2018. There are currently about 6 years of lease term remaining, with one, five-year renewal option available. Dollar General has consistently paid percentage rent, an indication of their strong store sales. Dollar General is required to report store sales data annually to the Landlord, which provides the Landlord with direct visibility into store performance allowing them to actively monitor the health of store operations. Dollar General capitalizes off the complete lack of discount store or grocery store competition in the Walkerton market. The building has excellent exposure at the corner of Roosevelt Road and Michigan Street, and sits in close proximity to McDonald’s, Subway, Ace Hardware and Casey’s General Store. 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.