Mark Hellwig - Commercial Real Estate Showcase

Mark Hellwig Property Listings
Director
Stan Johnson Company
303 E Wacker Dr
Chicago, IL 60601-5212


DetailMap
605 S Division Street

Bristol, IN 46507 - Outlying Elkhart County Submarket


Property Type:Retail Sub Type:Freestanding Status:Under Construction, delivers May 2017 Year Built:2017
Building Size:9,100 SF Land Area:1.24 AC (54,014 SF)
For Sale Price:$1,445,000 Price/SF:$158.79
Cap Rate:6.40 %



Sale Notes:
Stan Johnson Company, on behalf of Ownership, as its exclusive advisor, is pleased to offer for sale the opportunity to acquire the fee simple interest in the Dollar General located at 605 South Division Street in Bristol, Indiana (the Property ). The Property is currently under construction and on schedule to be delivered in Q1 2017. The Property encompasses +/- 9,100 square feet on a large 1.245-acre tract of land.

The Property is operated by and leased to Dolgencorp, LLC (Tenant), a wholly-owned subsidiary of Dollar General Corporation who is doing business as Dollar General. Dollar General Corporation (NYSE: DG; S&P: BBB/Stable) fully guarantees all lease obligations. Investors have the opportunity to acquire a 15-year absolute NNN Property that features no management responsibilities and includes five (5), five (5) year renewal options with 10% rental increases at the start of each option.

Stan Johnson Company
Brandon Duff
(312) 240-0162

Mark Hellwig
(312) 240-0127




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