Dollar General Market | Near Bowling Green

Dollar General Market | Near Bowling Green

828 N. Dixie Street (US HWY 31W)
Horse Cave, KY

Price: $1,918,000
Cap: 6.75%
NOI: $129,443
Building Size: 10,640 SF
Lot Size: 2.00 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL MARKET
• 10,640 SF upgraded construction Dollar General Market located Horse Cave, KY.
• DG Market is a combo store with fresh produce, milk, meats, and other groceries added to Dollar General’s usual mix of low-price general merchandise.
• The subject property is open, and rent commenced in March 2025.

15 YEAR CORPORATE NNN LEASE WITH INCREASES IN INITIAL TERM AND OPTIONS
• This property features a 15-year corporate-guaranteed NNN lease with Dollar General, with 5% rent increases every five years.
• The tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure.
• There are 5% rent increases in each of the five 5-year option periods.

NEAR BOWLING GREEN | 3RD MOST POPULOUS CITY IN KY
• Bowling Green is the third largest municipality in the state of Kentucky and the fourth largest metropolitan area with a population of 179,639.
• The Bowling Green MSA is known as a central manufacturing hub for the Southeast.
• General Motors Bowling Green Assembly Plant – This facility has exclusively produced the Chevrolet Corvette since 1981. Spanning 1.7 million square feet on 212 acres, it employs approximately 1,100 people.
• Bowling Green is home to Western Kentucky University, the third-largest university in Kentucky, with an enrollment of 16,291 students.
• Houchens Industries, Fruit of the Loom, Clark Beverage Group, and more are headquartered in Bowling Green, KY.

NEAR MANUFACTURING PLANT WITH 1,650+ EMPLOYEES
• This Dollar General is located less than 2 miles from Dart Container Corporation, which is the leading employer, employing over 1,650 Employees.
• Dart Container Corporation is the world’s largest manufacturer of foam cups and containers.

INVESTMENT GRADE TENANT (S&P: BBB)
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 21,000 locations and plans to open 750 stores in 2025.
• Dollar General has been in business for 80 years and has a current net worth of over $18.6 billion.

Don McMinn
Andrew Koriwchak
OFFERING MEMORANDUM

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