910 S Main St
Monticello, IN 47960
New NNN Dollar General - May 2017 Delivery · Retail Property For Sale

Warner Retail Group is pleased to offer for sale to qualified investors a long term net leased property in Monticello, IN. This fee simple offering is 100 percent leased to Dollar General. The subject property is 9,100 SF, brand new construction, situated on a 1.52 AC lot with direct access from Main St (SR 39). The subject property delivers to Dollar General in May 2017, with Rent estimated to commence shortly after. The Lease has a 15-Yr Primary Term, and (5) 5-Yr Tenant Options to extend. Rent increases 10% every five years during the option periods. The Lease is a NNN structure, with NO Landlord responsibilities or early termination clause. This store is located in Monticello, Indiana, which is equidistant between the major cities of Indianapolis and Chicago. The successful multi-industry town draws in tourism to Indiana Beach (5 miles N of site) from all over the Midwest. It's the largest city in White County and has a healthy median household income of $46,179 within 1 mile of the site, which is within the optimal range for the Dollar General business model to thrive. The core of industry in Monticello is manufacturing, agriculture, and healthcare. Reflecting those industries are the city's largest employers; Emerson Electric's McGill Corporation, Ball Metal Beverage Container Corp, Jordan Manufacturing, and IU Health White Memorial Hospital. Additionally, the site is situated among 4 schools that serve over 2,000 students in very close proximity to the site. This location benefits from very limited national dollar store competition. There has been a Dollar General serving the north side of the city for 5 years, and despite being under sized, continues to produce incredibly strong sales, and therefore, Dollar General corporate have determined the need for a second store. The closest Family Dollar is more than 10 miles/15 min drive from the site, so this store will draw customers from a wide trade area.