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DOLLAR GENERAL – GLENWOOD, IN 315 W State St 9,100 SF Retail Building Glenwood, IN 46133 $1,129,000 ($124.07/SF) 7.65% Cap Rate
Investment Highlights
- CORPORATE GUARANTEED LEASE: 8 years remaining on Absolute NNN lease with ATTRACTIVE 10% rental escalations every 5 years in renewal options
- LARGE PARCEL: Strategically located on a large ±1.036-acre parcel along S Rd 44/W State St, Glenwood’s main east-west corridor
- STRATEGIC LOCATION: Only Dollar General in a mile radius and only daily needs grocer in a 7-mile radius!
- CORPORATE TENANT: Dollar General Corporation (NYSE: DG | S&P BBB Credit Rating | Moody’s Baa3 Rating) operated 20,901 stores
- TRAFFIC COUNTS: benefitting from strong visibility, easy access, and traffic counts of 5,514 CPD
- 2025 DEMOGRAPHICS: Total Population (5MI): 1,918 | Average Household Income (1MI): $91,502
Executive Summary
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
2019
Price
$1,129,000
Price Per SF
$124.07
Cap Rate
7.65%
NOI
$86,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.04 AC
Zoning
C
Frontage
82’ on State St
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Jan 2034
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Jan 2034 |
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 70-08-33-251-002.000-013 | Improvements Assessment | $713,900 |
| Land Assessment | $28,600 | Total Assessment | $742,500 |
Property Taxes
Parcel Number
70-08-33-251-002.000-013
Land Assessment
$28,600
Improvements Assessment
$713,900
Total Assessment
$742,500
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DOLLAR GENERAL – GLENWOOD, IN | 315 W State St
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