Dollar General 2710 W 16th St

The Klink Group of Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a single-tenant, net-leased Dollar General Market investment located near downtown Indianapolis. The building was originally a build-to-suit for Walgreens in 1992 and sits on 0.76 acres of prime real estate along West 16th Street, which leads directly into downtown Indianapolis to the east and connects to Crawfordsville Road to the west; which leads directly to Interstate 465. The Property is centrally located between downtown Indianapolis and the Indianapolis Motor Speedway contributing to the 30,000+ average daily traffic counts that W 16th Street experiences. Dollar General Market has been operating at this site since 2010; recently exercised a renewal option early last year and currently has +/-5 years remaining on their firm term lease, which runs through March 2030 and offers two, five-year renewal options with substantial rental escalators. This is a rare and unique opportunity to acquire a single-tenant, net-leased Dollar General Market in a dense infill metro location close to downtown Indianapolis. Any incoming investor will benefit from the various underlying real estate fundamentals this opportunity offers; dense downtown Indianapolis location, income passivity through net-lease structure, investment-grade corporate tenant, a hedge against inflation with substantial rental escalators in option periods and land + building ownership significantly below replacement cost.