Dollar General

Dollar General—a publicly traded, investment-grade retailer operating nearly 20,000 nationally—is a top-tier tenant under an absolute triple-net lease structure, meaning investors enjoy truly passive, stable income as the tenant covers all property costs, including taxes, insurance, and maintenance.

In South Bend, Indiana—a revitalizing midwestern city of approximately 103,000 residents in the St. Joseph County metro—the retailer benefits from a community that blends a legacy of manufacturing with emergent technology, healthcare, and education sectors. The median household income ranges from roughly $52,500 to $55,800, and per-capita income hovers near $29,500, making it a cost-effective trade area with consistent demand. Significant institutions like the University of Notre Dame and Memorial Health System anchor the local economy, while data-driven urban revitalization efforts have reversed decades of decline. South Bend also offers a shorter-than-average commute (around 20 minutes) and remains affordably livable relative to larger metros. Multiple Dollar General locations serve broad trade areas—including neighborhoods, commuters, students, and healthcare workers—underpinning steady foot traffic. The synergy of Dollar General’s institutional strength and South Bend’s economic resilience, strategic location within a growing tech-forward corridor, and affordable demographics makes this store a compelling low-risk addition to any net-lease portfolio, combining passive income security with long-term local demand.