Dollar General in Terre Haute, IN

1168 Lafayette Ave, Terre Haute, IN



Size:12,750 SF


CAP RATE:7.80%




• 12,750 SF building / 1.17 Acre lot
• Price: $769,231
• NOI: $60,000 (Based on previous 4 years of financials with CAM reimbursement exceeding expenses)
• Updated to a Dollar General Plus concept at DG's cost showing their commitment to this location
• Year Built: 1987
• Lease Structure: NN (LL Responsibilities: roof, structure, and parking lot (with monthly tenant contribution))
• Lease Commencement Date: 7/1/2006
• Lease Expiration Date: 1/31/2026
• Corporate Guarantee: Dollar General Corporation
• Renewal Options: Two (2) five-year options
Option 1) Annual Rent: $62,169 I Cap Rate Based on Price: 8.24%
Option 2) Annual Rent: $65,899 I Cap Rate Based on Price: 8.74%

lnCommercial Property Group is pleased to exclusively market for sale a Dollar General property located in Terre Haute, IN. The 12,750 SF subject property is being offered for $769,231 at a 7.8% cap rate and has a NN lease structure. Dollar General's current lease runs through Jan. 2026. Dollar General has extended two times, received new HVAC in 2011, and renovated the interior in 2012. In November 2020, Dollar General signed an extension for 5 years effective 2/1/2021 with 50.5% rent increase and added two additional 5-year options. Over the past 7 years, CAM income has surpassed expenses, which has not been added to NOI. Dollar General is a credit tenant and is publicly traded on the New York Stock Exchange (Symbol: DG) with a market capitalization in excess of $39 billion. Dollar General operates more than 75,000 stores located in 45 states.



Michael Mintz

Vice President, Brokerage

(847) 648-1717