SEPG ASSOCIATES
Listed by SEPG ASSOCIATES
$1,185,000
NNN Dollar General
Details
Property Type Retail
Square Footage 9,026
Cap Rate 6.80%
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 06/29/2026
Remaining Term 3
Year Built 2011
Acreage 1.370
Rent Commencement 06/30/2012
Ownership Fee Simple
NNN STNL Dollar General in Lizton Indiana, which is in the Indianapolis IN MSA.
Marketing description
We are pleased to present this new format 9504 SF Dollar General store located in Lizton IN - Which is part of the Indianapolis IN MSA. The property had an original 15 year NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of BBB, which is classified as Investment Grade. The store completed construction & successfully opened to the public in 2011. The current rent is $ 80,442.58 and will increase 10% in just under 3 years and increases another 10% for each of the 5 year options providing the owner a rate of return that will grow over time.
Investment highlights
- NNN Indiana Dollar General - No HVAC Responsibility
- 2011 Construction 9,026 SF Building – 1.37 Acre Site At the Main Intersection in Lizton IN
- Hendricks County is one of the fastest growing counties in Indiana and is part of the Indianapolis MSA% Increase in Rent
- Place AI ranks this as the best Dollar General location in Hendricks County and in the top 70% in the state of Indiana.
- Current lease expires 6/30/26. The rent has a 10% increase in each of the 5-year option periods.
Listing Contacts
SEPG ASSOCIATES
Listed by SEPG ASSOCIATES
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