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31248915
31248916

1598 Chase Rd, Logansport, IN 46947 For Sale

CC
TX 697980
Trinity Real Estate Investment Services
EK
TX 9007104
Trinity Real Estate Investment Services
CH
TX 597585
Trinity Real Estate Investment Services
BB
TX 611825
Trinity Real Estate Investment Services
Listed by Trinity Real Estate Investment Services
$1,393,715
54 days on market
Updated 54 days ago

Dollar General

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 9,002
Units 1
Cap Rate 7%
NOI $97,560
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+3)
Lease Type Absolute NNN
Lease Term 14.8
Lease Expiration 07/30/2033
Remaining Term 7.3
Rent Bumps Yes
Lease Options Five (5), 5-Year; 10%
Price per SqFt $155
Year Built 2018
Buildings 1
Acreage 2.210
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 09/30/2018
Ownership Fee Simple

Retail | 7.00% CAP | 9,002 SqFt

Marketing description

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Logansport, IN. The subject property is in a hard corner lot positioned at the junction of SR 25 and Chase Rd. It is also adjacent to a 6-=acre redevelopment site, master-planned for multi-family housing and commercial use.

Property Website: https://trinityreis.com/listing/1598-chase-rd/

In cooperation with Brian Brockman at Bang Realty, Inc | IN #RB14037939 | [email protected] | (513) 898-1551

Investment highlights

  • Dollar General in Logansport, IN With 7+ Years Remaining on Current Term

  • Absolute NNN Lease – Zero Landlord Responsibilities

  • 10% Rent Increases in the Option Periods

  • Hard Corner Lot Positioned at the Junction of SR 25 and Chase Rd With Combined Traffic Counts of 9,000+ VPD

  • Over 24,000 Residents Within a 5-Mile Radius, in Close Proximity to Multiple Apartments and Single-Family Residences

  • Adjacent to a 60-Acre Redevelopment Site, Master-Planned for Multi-Family Housing, and Commercial Use

  • Backed by Dollar General’s Corporate Guarantee, an Investment-Grade Retailer Operating Over 20,000 Locations Nationwide

Listing Contacts

CC
TX 697980
Trinity Real Estate Investment Services
EK
TX 9007104
Trinity Real Estate Investment Services
CH
TX 597585
Trinity Real Estate Investment Services
BB
TX 611825
Trinity Real Estate Investment Services
Listed by Trinity Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,560.00
$8,130.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Brian Brockman
License
IN #RB14037939
Brokerage
Bang Realty, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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