The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar General Market property located in Hebron, Indiana. Constructed in 2025, the property is subject to a long-term lease with Dollar General through July 2040. The lease is absolute triple net, presenting no landlord responsibilities. There are 5% rental escalations throughout the primary term and each of the five, 5-year renewal options. Dollar General is an investment grade company, rated “BBB” by Standard & Poor’s.
The 10,640 square-foot building is positioned along US Route 231, which carries 8,000+ vehicles per day. The site is located roughly 6 miles east of Interstate 65 (57,000 VPD), which connects the property to the greater Chicago metropolitan area, approximately 55 miles to the northwest. The immediate trade area includes Hebron High School, part of the Metropolitan School District of Boone Township, along with Walgreens, Ace Hardware, Dairy Queen, and Casey’s. Additionally, the 5-mile average household income exceeds $118,000.
Dollar General Corporation (NYSE: DG) is the largest small-box discount retailer in the United States by store count. Founded in 1939 and headquartered in Goodlettsville, Tennessee, the company operates more than 20,000 stores across 48 states, concentrated in small-town, rural, and suburban markets. Dollar General’s value-oriented model centers on everyday low prices for consumables, seasonal items, home products, and basic apparel, with most items priced under $10 and a compact store footprint that keeps occupancy and operating costs low. Notably, Dollar General owns and operates all of its stores rather than franchising, so each lease carries the full corporate credit of the parent company.