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Dollar General 169 N Main St 9,026 SF Retail Building North Salem, IN 46165 $1,258,600 ($139.44/SF) 7.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN – Zero Landlord Responsibilities
- Located Next to North Salem Elementary School
- Zero Competition in the Area – Dollar General is the Only Corporate Tenant in the area
- Dollar General is Accompanied by an Investment Grade “BBB” Credit Rating
- Long Lease Term Remaining – ±11.4 Years Remaining on the Current Term
- Recession Resistant Tenant – Dollar General has Been Historically Profitable During Times of Market Uncertainty
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
C
Year Built
2021
Price
$1,258,600
Price Per SF
$139.44
Cap Rate
7.15%
NOI
$89,990
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.00 AC
Zoning
Commercial - Commercial
Frontage
29’ on N Main St
PROPERTY TAXES
| Parcel Number | 32-05-04-211-001.000-008 | Improvements Assessment | $722,000 |
| Land Assessment | $97,500 | Total Assessment | $819,500 |
PROPERTY TAXES
Parcel Number
32-05-04-211-001.000-008
Land Assessment
$97,500
Improvements Assessment
$722,000
Total Assessment
$819,500
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Dollar General | 169 N Main St
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