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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 a wholesale venture and later opened its first store in 1955, growing into a discount retail business focused on everyday essentials. The company sells food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, paper products, and seasonal items, and it also offers products online. Dollar General operates as a broad neighborhood retail chain with a presence across the United States and Mexico, serving shoppers through convenient store formats and an e-commerce channel.
| 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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202 W Jackson St
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