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DOLLAR GENERAL – GLENWOOD, IN 315 W State St 9,100 SF Retail Building Glenwood, IN 46133 $1,126,000 ($123.74/SF) 7.26% 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
$1,126,000
Price Per SF
$123.74
Cap Rate
7.26%
NOI
$81,748
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 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 | - | - | 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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