Listed by Trinity Real Estate Investment Services
$1,385,185
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,002
Units 1
Cap Rate 6.75%
NOI $93,500
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 03/31/2036
Remaining Term 9.8
Rent Bumps Yes
Lease Options Three (3), 5-Year; 10%
Price per SqFt $154
Year Built 2021
Buildings 1
Acreage 1.870
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 03/26/2021
Ground Lease No
Ownership Fee Simple
Retail | 6.75% CAP | 9,002 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Lafayette, IN. The subject property has 9+ years remaining on primary term and absolute NNN lease. It has affluent surroundings and a dense 5-mile demographics of 103K+ residents.
Property Website: https://trinityreis.com/listing/3417-e-300-n/
In Cooperation With Brian Brockman at Bang Realty Inc | IN#RB14037939 | [email protected] | (513) 898-1551
Investment highlights
- 2021 Dollar General in Lafayette, IN With 9+ Years Remaining on Primary Term
- Absolute NNN Lease Requiring Zero Landlord Responsibilities
- 10% Increases in the Option Periods
- Corner Lot at a Signalized Intersection With Combined Traffic Counts of 10,000+ Vehicles Passing Daily
- Dense 5 Mile Demographics of 103,000+ Residents
- Affluent Surroundings - Average Household Income in a 1 Mile Radius Exceeds $147K
- Situated Just 5 Miles From Purdue University - Home to a Student Body of 52,000+
- Lafayette is Located 60 Miles From Indianapolis - the Capital and Largest City in the State With a MSA Population of 2.1M+
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,500.00
$7,791.67/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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