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2 Dollar Generals w 3.88% Assumable Debt 2 Retail Properties Offered at $2,345,000 in Multiple Locations
Investment Highlights
- Portfolio of Two Dollar Generals With Attractive Loan That Must Be Assumed: 3.88% Interest Rate Through December 2031
- Corporate Guarantee with Over 20,000 Stores
- Absolute Net Leases With Over Nine Years Remaining on Base Terms
- Built-to-Suit in 2020
Executive Summary
Marcus & Millichap is pleased to present this portfolio of two Dollar Generals in Walton and Andrews Indiana. The portfolio has an attractive loan with a 3.88% interest rate that must be assumed by the buyer. Both Dollar Generals were built -to-suit in 2020 and have over nine years remaining on the absolute net leases.
Property Facts
| Price | $2,345,000 | Status | Active |
| Price / SF | $129.90 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 2 |
| Cap Rate | 7.25% | Total Building Size | 18,052 SF |
| Sale Type | Investment NNN | Total Land Area | 6.30 AC |
| Price | $2,345,000 |
| Price / SF | $129.90 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 7.25% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 18,052 SF |
| Total Land Area | 6.30 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Dollar General
8004 W Old Wabash Rd, Andrews, IN 46702 |
Retail | 9,026 SF | 2020 | $1,167,000 |
| 406 S Main St, Walton, IN 46994 | Retail | 9,026 SF | 2020 | $1,178,000 |
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2 Dollar Generals w 3.88% Assumable Debt
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