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34300429
34300420

2120 West Morris Street, Indianapolis, IN 46221

SS
MI MI 6502426558
Exclusive Realty
RE
MI 6501453136
Exclusive Realty
Listed by Exclusive Realty
$1,045,605
1 day on market
Updated 1 day ago

Dollar General

Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 11,902
Net Rentable (SqFt) 11,902
Units 1
Cap Rate 7.84%
NOI $81,948
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN
Lease Term 15.2
Lease Expiration 09/30/2029
Remaining Term 3.2
Rent Bumps Yes
Year Built 1970
Acreage 0.740
Zoning Commercial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2014
Ground Lease No

Retail | 7.84% CAP | 11,902 SqFt

Marketing description

Exclusive Realty is pleased to present a NN leased Dollar General investment opportunity located in Indianapolis, the capital and largest city in Indiana. Situated in Marion County, Indianapolis is one of the Midwest's premier economic, healthcare, logistics, and distribution centers, offering a highly diversified economy supported by advanced manufacturing, life sciences, technology, education, finance, and transportation. The property benefits from exceptional accessibility via Interstate 65, Interstate 69, Interstate 70, Interstate 74, and Interstate 465, making it one of the nation's most important transportation hubs. The surrounding market features outstanding amenities including major shopping centers, restaurants, entertainment districts, highly rated schools, and nationally recognized healthcare providers such as Indiana University Health and Community Health Network. Indianapolis is also home to renowned attractions including Indianapolis Motor Speedway, Lucas Oil Stadium, White River State Park, and a vibrant downtown that continues to experience significant residential and commercial growth. The tenant, Dollar General, is one of the nation's largest discount retailers, operating more than 19,000 stores across the United States. The company provides an extensive selection of groceries, household essentials, health and beauty products, cleaning supplies, and seasonal merchandise, serving as a convenient shopping destination for residents throughout the Indianapolis trade area. This location benefits from exceptional population density, strong consumer demographics, steady commuter traffic, and sustained demand for value-oriented retail in one of Indiana's fastest-growing metropolitan markets. The NN lease structure provides investors with stable cash flow, limited landlord responsibilities, and long-term income backed by a nationally recognized tenant with a proven operating history.

Investment highlights

  • NN lease providing stable income with limited landlord responsibilities
  • Landlord is reimbursed $316 per month for parking lot
  • Ranked in the 93% Nationwide and 96% Statewide for store visits per Placer.ai
  • Roof replaced 3 Years ago
  • Located in Indianapolis within Marion County
  • Positioned in Indiana's largest metropolitan area and state capital
  • Outstanding accessibility via Interstate 65, Interstate 69, Interstate 70, Interstate 74, and Interstate 465
  • Diverse economy supported by healthcare, logistics, manufacturing, technology, finance, and higher education
  • Nearby amenities include shopping centers, restaurants, schools, entertainment venues, and premier healthcare systems including Indiana University Health and Community Health Network
  • Minutes from major attractions including Indianapolis Motor Speedway, Lucas Oil Stadium, and White River State Park
  • Strong population growth, excellent demographics, and high daily traffic counts

Listing Contacts

SS
MI MI 6502426558
Exclusive Realty
RE
MI 6501453136
Exclusive Realty
Listed by Exclusive Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,948.00
$6,829.00/mo

Valuation Metrics

0
DSCR
7.84%
Cap Rate
7.84%
ROI

Map

Zoning

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C4 CommercialNeighborhood CommercialCommunity Regional 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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