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29705309
29705310

265 N Tracy St, Markle, IN 46770

DM
GA 292036, NC LC444 (+1)
Marcus & Millichap - Atlanta
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta
$2,353,000
131 days on market
Updated 28 days ago

Dollar General | Fort Wayne MSA

Details
Property Type Retail
Sub Type Discount, Dollar General (+1)
Square Footage 10,640
Cap Rate 6.5%
NOI $152,900
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Broker Co-Op Yes
Year Built 2026
Acreage 1.550
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

Retail | 6.50% CAP | 10,640 SqFt

Investment highlights

AFFLUENT FORT WAYNE MSA MARKET | 2ND LARGEST CITY IN INDIANA
• Markle is an affluent market 25 miles south of downtown Fort Wayne and is a part of the MSA.
• The average household income within 5 miles is $96,033 and is expected to grow by over 12% and reach $105,000 by 2030.
• Fort Wayne has an estimated population of 264,488 and is the second largest city in Indiana and the 77th most populated city in the
U.S.
• Fort Wayne ’s economy is based upon distribution, transportation and logistics, healthcare, professional and business services, leisure and hospitality, financial services, and the defense industry.
• Fort Wayne is home to Indiana University Fort Wayne (13,459 students) and Purdue University Fort Wayne (14,326 students).

INTERSTATE LOCATION (32,005 VPD) | CONNECTS SOUTH INDIANA TO FORT WAYNE
• This Dollar General is located off an interstate exit that sees 32,005 VPD.
• Interstate 69 is a major interstate in Indiana that connects the southern part of the state to Fort Wayne.
• The subject property is positioned at the intersection of Highway 224 and North Tracy Street.
• The site is also in front of a manufacturing facility with 150 employees.
• Huntington, IN is 10 miles west of Markle and is home to Huntington University (1,700 Students), a hospital, an airport, mand multiple national retailers.

NEW 15 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM
• The subject property has a new 15 year corporate guaranteed NNN lease with 5% rent increases every 5 years in the initial lease and options.
• Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure.
• This is a true NNN lease with no landlord responsibilities or expenses.
• This Dollar General is under construction and rent is scheduled to commence in February 2026.

INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• The company currently operates more than 21,000 locations and plans to open approximately 450 new stores in 2026.
• Dollar General has been in business for over 80 years and has a current net worth of approximately $18.16 billion.

Listing Contacts

DM
GA 292036, NC LC444 (+1)
Marcus & Millichap - Atlanta
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$152,900.00
$12,741.67/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

Map

Zoning

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R-4 ResidentialTwo FamilyResidential Medium Density
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View all 22 uses
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Last updated Feb 27, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Julia Evinger
License
IN RB14040143
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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