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Dollar General with Assumable 3.88% Loan 406 S Main St 9,026 SF Retail Building Walton, IN 46994 $1,178,000 ($130.51/SF) 7.25% Cap Rate
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 Lease With Over Nine Years Remaining on Base Term – 6/30/2035
- 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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2020
Price
$1,178,000
Price Per SF
$130.51
Cap Rate
7.25%
NOI
$85,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.33 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Jun 2035
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 | Jun 2035 |
Property Taxes
| Parcel Number | 09-18-31-300-006.000-022 | Improvements Assessment | $595,700 |
| Land Assessment | $67,700 | Total Assessment | $663,400 |
Property Taxes
Parcel Number
09-18-31-300-006.000-022
Land Assessment
$67,700
Improvements Assessment
$595,700
Total Assessment
$663,400
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Dollar General with Assumable 3.88% Loan | 406 S Main St
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