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34226955
34226952

3725 N Keystone Avenue, Indianapolis, IN 46201

DD
TX 656858
Marcus & Millichap - Austin
DP
TX 679432
Marcus & Millichap Diffie Retail Team
Listed by Marcus & Millichap - Austin, Marcus & Millichap Diffie Retail Team
$1,512,842
2 days on market
Updated 1 day ago

Dollar General: 250K 5-Mi Pop, 25K VPD

Details
APN 1005030
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 9,230
Net Rentable (SqFt) 9,230
Units 1
Cap Rate 7.00%
NOI $105,898
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 09/29/2031
Remaining Term 5.2
Rent Bumps Yes
Lease Options Three (3), 5-Year Options
Price per SqFt $164
Class A
Year Built 2012
Stories 1
Acreage 1.600
Zoning Commerical
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/24/2011
Ground Lease No
Ownership Fee Simple

Absolute Net | 7.00% Cap | Corporate Guarantee

Investment highlights

Best In Class Tenant - Corporate guarantee by Dollar General, a nationally recognized corporation with over 19,000 locations. The lease also includes 9% rent bumps in all option periods.

Established, Long-Term Location - The tenant recently extended their lease term for an additional five years by executing their first option period. They have three (3), 5-year option periods remaining.

Strong Demographics - Located within the Indianapolis MSA, the property benefits from over 254,700 residents within 5 miles and sees over 27,000 vehicles per day on Keystone Ave.

Growing Area - A new proposed 95-unit multifamily project is located directly across the street from the property. The Indiana State Fairgrounds are also located less than a mile from the property.

Listing Contacts

DD
TX 656858
Marcus & Millichap - Austin
DP
TX 679432
Marcus & Millichap Diffie Retail Team
Listed by Marcus & Millichap - Austin, Marcus & Millichap Diffie Retail Team

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$105,898.00
$8,824.83/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

Map

Zoning

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C3 CommercialNeighborhood CommercialNeighborhood Commercial District
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Last updated May 11, 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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