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Dollar General 1911 W State Road 244 9,026 SF Retail Building Milroy, IN 46156 $1,215,000 ($134.61/SF) 7.15% Cap Rate



Investment Highlights
- 10.42 Years Remaining on a Corporately Guaranteed Absolute NNN Lease – No Landlord Responsibilities | Five, 5-Year Options with 10% Rental Increases
- Lack of Competition – Located 9 Miles from the Nearest Grocery Store
- Prime Access Located at the Signalized Intersection of Two Local Arteries: SR 244 and SR 3 | Milroy Sits Off the I-74 Business Corridor
Executive Summary
10.42 Years Remaining on a Corporately Guaranteed Absolute NNN Lease – No Landlord Responsibilities | Five, 5-Year Options with 10% Rental Increases at Each Option
Prime Access Located at the Signalized Intersection of Two Local Arteries: SR 244 and SR 3 | Milroy Sits Off the I-74 Business Corridor that Promotes the Region on the Basis of Interstate Access, Rail Connectivity, Proximity to International Airports and Access to a Workforce of More Than 3 Million People
Lack of Competition – Located 9 Miles from the Nearest Grocery Store
Recent Construction & Oversized Parcel – the Subject Property was Built-to-Suit for Dollar General in 2021 and is Positioned on a Large 2.45-Acre Parcel
Located 10 Miles from Greensburg, IN with Major Employers: Honda Indiana Auto Plant with 3,000+ Employees, One Solution Logistics with 700 Employees, Valeo Engine Cooling with 700 Employees, Decatur County Memorial Hospital with 600 Employees
Ideal Demographics for Dollar General: There are 18,347 Residents Within 10 Miles with an Average Household Income of $79,562 - Necessity Retailer Benefits from Being The Quick-stop Option for Food, Household Items, Paper Goods and Health and Beauty that Residents Prefer Not to Drive Farther to Buy
Located 8 Miles from Rushville with Rush Memorial Hospital with 500 Employees and INTAT Precision with 500 Employees | Rushville Announced that Diamond Pet Foods Would Invest More Than $220 Million in a 700,000-Square-Foot Manufacturing and Distribution Facility
Prime Access Located at the Signalized Intersection of Two Local Arteries: SR 244 and SR 3 | Milroy Sits Off the I-74 Business Corridor that Promotes the Region on the Basis of Interstate Access, Rail Connectivity, Proximity to International Airports and Access to a Workforce of More Than 3 Million People
Lack of Competition – Located 9 Miles from the Nearest Grocery Store
Recent Construction & Oversized Parcel – the Subject Property was Built-to-Suit for Dollar General in 2021 and is Positioned on a Large 2.45-Acre Parcel
Located 10 Miles from Greensburg, IN with Major Employers: Honda Indiana Auto Plant with 3,000+ Employees, One Solution Logistics with 700 Employees, Valeo Engine Cooling with 700 Employees, Decatur County Memorial Hospital with 600 Employees
Ideal Demographics for Dollar General: There are 18,347 Residents Within 10 Miles with an Average Household Income of $79,562 - Necessity Retailer Benefits from Being The Quick-stop Option for Food, Household Items, Paper Goods and Health and Beauty that Residents Prefer Not to Drive Farther to Buy
Located 8 Miles from Rushville with Rush Memorial Hospital with 500 Employees and INTAT Precision with 500 Employees | Rushville Announced that Diamond Pet Foods Would Invest More Than $220 Million in a 700,000-Square-Foot Manufacturing and Distribution Facility
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
9,026 SF
Year Built
2021
Price
$1,215,000
Price Per SF
$134.61
Cap Rate
7.15%
NOI
$86,873
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.85 AC
Zoning
Commercial
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dollar General
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dollar General | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 70-14-13-101-003.000-001 | Improvements Assessment | $739,200 |
| Land Assessment | $73,500 | Total Assessment | $812,700 |
Property Taxes
Parcel Number
70-14-13-101-003.000-001
Land Assessment
$73,500
Improvements Assessment
$739,200
Total Assessment
$812,700
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Dollar General | 1911 W State Road 244
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