Investment Overview
Fortis Net Lease is pleased to present the opportunity to acquire a single-tenant Dollar General located at 2872 W Dunes Highway in Town of Pines, Indiana. The property consists of a 9,100-square-foot retail building and is secured by a 15-year NNN lease, providing investors with a low-management investment opportunity backed by one of the nation's leading discount retailers. The lease commenced on January, 2017, and extends through January, 2032, generating an annual Net Operating Income of $96,509.64. The lease also includes five 5-year renewal options, providing the potential for long-term occupancy and income continuity.
The lease features 10% rental increases at each renewal option, offering investors contractual income growth over the long term. Strategically positioned along West Dunes Highway, the property benefits from excellent visibility and convenient access within the Northwest Indiana market, while serving the daily shopping needs of the surrounding residential communities. Backed by Dollar General's proven operating model and the resilience of necessity-based retail, this offering presents investors with the opportunity to acquire a stable net lease asset supported by a nationally recognized tenant and predictable cash flow.
Investment Highlights
- LONG-TERM NNN LEASE – 15-year lease in place through January, 2032, providing stable long-term occupancy.
- CONTRACTUAL RENT GROWTH – 10% rent increases at each of the five 5-year renewal options provide built-in income growth.
- STRONG ANNUAL CASH FLOW – Generates $96,509.64 in annual Net Operating Income.
- NATIONALLY RECOGNIZED TENANT – Occupied by Dollar General, one of the largest discount retailers in the United States.
- LONG-TERM OCCUPANCY POTENTIAL – Five renewal options provide the opportunity for decades of continued tenancy.
- 9,100-SF RETAIL FACILITY – Modern freestanding retail building designed to serve the surrounding community.
- NECESSITY-BASED RETAIL – Dollar General's value-oriented business model drives consistent customer traffic through all economic cycles.
- STRATEGIC NORTHWEST INDIANA LOCATION – Positioned along West Dunes Highway with convenient access and strong local visibility.
- PASSIVE INVESTMENT OPPORTUNITY – NNN lease structure minimizes landlord responsibilities and operating expenses.
- STABLE NET LEASE ASSET – Opportunity to acquire a well-located investment backed by an established national retailer with a proven operating history.