Description

Marcus & Millichap is pleased to present this corporate guaranteed Dollar General discount store located on the 2800 block of Central Avenue in Lake Station, Indiana. The subject property is a four-year-old built-to-suit construction for Dollar General, on approximately 1.27 acres. The 9,014-square foot single-tenant building was built in early 2010. Dollar General has a 15-year triple-net lease with 11-years remaining and a three percent rent increase in 2021. There are four five-year renewal options, with a 10 percent rent increase per renewal. The landlord is responsible for roof and structure. The property is located 2.4 miles from Interstate 80/94.

Dollar General is the largest small-box discount retailer in the United States with over 11,000 plus stores. 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, cleaning supplies, as well as, a selection of basic apparel, housewares and seasonal items at everyday low prices. For the 2013 year-end sales, the company reported total sales of $16.02 billion, an increase of eight percent compared to sales of $14.80 billion in 2012.