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202 W Jackson St 9,014 SF Retail Building Farmland, IN 47340 $1,041,000 ($115.49/SF) 8% Cap Rate
Investment Highlights
- Five Year Lease Extension in 2025, Now Leased Through 8/31/2030
- Double Net Lease with Corporate Guarantee
- Built to Suit in 2010
- Part of a Seven Location Dollar General Portfolio and Available for Sale Individually
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2010
Price
$1,041,000
Price Per SF
$115.49
Cap Rate
8%
NOI
$83,276
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.45 AC
Parking
27 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
172’ on West Jackson Street
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Double Net
- Aug 2030
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Double Net | Aug 2030 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 68-07-12-400-016.003-008 | Improvements Assessment | $674,700 |
| Land Assessment | $34,800 | Total Assessment | $709,500 |
Property Taxes
Parcel Number
68-07-12-400-016.003-008
Land Assessment
$34,800
Improvements Assessment
$674,700
Total Assessment
$709,500
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