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32700272
32700274

12139 SR 250, East Enterprise, IN 47040

BB
MI 6501319610
Fortis Net Lease
Listed by Fortis Net Lease
$1,884,569
19 days on market
Updated 19 days ago

Brand New Dollar General Plus

Details
Property Type Retail
Sub Type Dollar, General (+1)
Square Footage 10,640
Units 35
Cap Rate 6.6%
NOI $124,382
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+2)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 04/30/2041
Rent Bumps Yes
Lease Options Five (5 Year)
Price per SqFt $177
Year Built 2026
Buildings 1
Stories 1
Acreage 4.264
Zoning Commercial
Parking Spaces 35 spaces
Parking Per SqFt 3.29
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 04/15/2026
Ground Lease No
Ownership Fee Simple

Retail | 6.60% CAP | 10,640 SqFt

Marketing description

Fortis Net Lease is pleased to present this 2026 BTS 10,640 SF. Dollar General Plus store located in East Enterprise, Indiana. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rental rate 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 has completed construction and successfully opened for business in April 2026.

This Dollar General is highly visible as it is strategically positioned on IN-250 seeing 5,303 cars per day. The 10 mile population from the site is 17,972 and the 3 mile average household income is $86,993 per year, making this location ideal for a Dollar General. It sists adjacent to a Marathon Gas station & is a necessary addition to the community. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a "passive" investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation's top dollar store. List price reflects a 6.60% cap rate based on NOI of $124,381.55.

Investment highlights

  • Brand New 15 Year Absolute NNN Lease
  • Zero Landlord Responsibilities | Concrete Parking Lot
  • 2026 BTS Plus Size Construction | NOW OPEN!
  • 5% Rental Rate Increases Every 5 Years!
  • 5 (5 Year) Options | 5% Increases At Each Option
  • 3 Mile Household Income $86,993
  • 10 Mile Population 17,972
  • 2,127 Cars Per Day on IN-250
  • Investment Grade Dollar Store With "BBB" Credit Rating
  • Dollar General Corporate Guaranty

Listing Contacts

BB
MI 6501319610
Fortis Net Lease
Listed by Fortis Net Lease

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$124,381.55
$10,365.13/mo

Valuation Metrics

0
DSCR
6.6%
Cap Rate
6.6%
ROI

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Additional Information

Name
Brian Brockman
License
AL #119315
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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