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406 S Main St 9,026 SF Retail Building Walton, IN 46994 $1,138,667 ($126.15/SF) 7.50% Cap Rate

Retail Buildings Indiana Walton 406 S Main St, Walton, IN 46994

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Investment Highlights

  • Investment-Grade Tenant: The property is anchored by Dollar General Corp., a Fortune 500 company with an S&P credit rating of BBB
  • Absolute NNN Lease Structure: The property operates under an absolute NNNl ease, with the tenant responsible for all maintenance, taxes, and insurance
  • Strategic Location with Limited Competition: The property is located in a strong retail corridor with minimal direct competition
  • Corporate Guarantee: The lease is backed by a full corporate guarantee from Dollar General Corp
  • Long-Term Lease with Growth: Approximately 9.2 years remaining on the initial lease term, with five (5) additional 5-year renewal options
  • Attractive Yield Profile: The asset offers an above-market cap rate, making it an appealing opportunity for investors seeking stable cash flow

Executive Summary

Name
Kyle Matthews
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # RC52200195, RB17001213 (IN)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2020
Price
$1,138,667
Price Per SF
$126.15
Cap Rate
7.50%
NOI
$85,404
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.33 AC

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Dollar General began in 1939 as J.L. Turner and Son, a family business rooted in Scottsville, Kentucky, and later adopted the Dollar General name as the business expanded. The company built its model around small-box discount retailing and a simple mission centered on serving customers with affordable products and services. The company offers food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, sold through Dollar General, DG Market, DGX, pOpshelf, and Mi Súper Dollar General formats. Dollar General also sells products online and combines private brands with widely recognized national brands across a broad consumer mix.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -

Links

1 1
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Source: Local Logic®

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
(424) 261-7308

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 40352220

  • Date on Market: 4/30/2026

  • Last Updated:

  • Address: 406 S Main St, Walton, IN 46994

The Retail Property at 406 S Main St, Walton, IN 46994 is currently available for Sale. Contact Matthews Real Estate Investment Services for more information.

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Dollar General 406 N Main St - Walton IN, pic-3 WM
406 S Main St, Walton, IN for sale Building Photo- Image 2 of 4
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Dollar General 406 N Main St - Walton IN, pic-1 WM
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406 S Main St

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