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Dollar General 421 N Jefferson St 8,000 SF Retail Building Covington, IN 47932 $825,000 ($103.13/SF) 8% Cap Rate
Investment Highlights
- ~2.5 Years of Lease Term
- Corporate Guarantee - Strong BBB Credit Rating
- Strong Placer AI traffic indicating strong sales.
- Fortune 150 Investment Grade Tenant
- Only Dollar Store in Several Miles
Executive Summary
Located near everything in town and just 2 blocks from US Hwy 136, which traverses the city. Covington is the seat of Fountain County and this Dollar General is 80 miles West of Indianapolis, 8 miles West of Veedersburg, IN, 13 miles East of Danville, IL and 47 miles East of Champaign, IL. Under 2 miles from Interstate 74 interchange, which connects all of the above, and two blocks from US Hwy 136 near lots of retail including grocery, banks, restaurants, offices, Fountain County courthouse, and in a downtown neighborhood with lots of walk traffic.
Center City Location
Fortune 150 Investment Grade Tenant
~2.5 Years of Lease Term
Corporate Guarantee - Strong BBB Credit Rating
Tenant Website: www.DollarGeneral.com
Strong Placer AI traffic indicating strong sales.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$66,000
|
$8.25
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $66,000 |
| Annual Per SF | $8.25 |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 8,000 SF
- $8.25
- Double Net
- Dec 2028
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 Type | Lease End | |
|
|
Retailer | 8,000 SF | $8.25 | Double Net | Dec 2028 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-06-35-224-024.000-016 | Improvements Assessment | $430,100 |
| Land Assessment | $66,000 | Total Assessment | $496,100 |
Property Taxes
Presented by
Dollar General | 421 N Jefferson St
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