1209 S Park Ave
Alexandria, IN 46001
Retail Property For Sale

Warner Retail Group is pleased to offer for sale to qualified investors a long-term net leased property in Alexandria, Indiana. This fee simple offering is 100 percent leased to Dollar General. The subject property is located within the Indianapolis MSA which has seen some of the strongest growth in the state, as unemployment continues to fall in Central Indiana. The unemployment rate for the Indianapolis MSA is just 3.9%, which is significantly below state and national levels. The building is brand new construction and DG's preferred 9,100 SF prototype. The subject property delivers to Dollar General in March 2018, with Rent estimated to commence around April 1, 2018. This provides investors the opportunity to collect almost 100% of the rental income from the primary term, without having a few months (or more) of rent burned off the Lease term prior to closing. The new Lease has a 15-Yr Primary Term, and (5) 5-Yr Tenant Options to extend. Rent increases 10% every five years during the option periods. The Lease is a NNN structure, with NO Landlord responsibilities or early termination clause.