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Dollar General Market 605 S Orange St 11,000 SF Retail Building Albion, IN 46701 $1,571,000 ($142.82/SF) 7% Cap Rate
Investment Highlights
- Brand-New Dollar General Market
- Only Grocery Store Offering in 10 Mile Radius
- Tenant Reimburses CAM, Property Taxes and Insurance
- Complete Building Renovation 2026
- New Roof Installed 2026
Executive Summary
The Klink Group of Marcus & Millichap is pleased to present for sale the Dollar General Market in Albion, Indiana.
The Property is secured by a brand-new 10-year lease with Dollar General, providing investors with long-term cash flow backed by one of the nation’s largest and most established discount retailers. The lease structure is Triple-Net (NNN), requiring the tenant to reimburse real estate taxes, insurance, common area maintenance expenses through monthly CAM contributions, and assume responsibility for HVAC maintenance and replacement. Landlord responsibilities are limited to roof and structural components, while also administering common area maintenance, creating a favorable balance of passive ownership and asset oversight.
The Property is secured by a brand-new 10-year lease with Dollar General, providing investors with long-term cash flow backed by one of the nation’s largest and most established discount retailers. The lease structure is Triple-Net (NNN), requiring the tenant to reimburse real estate taxes, insurance, common area maintenance expenses through monthly CAM contributions, and assume responsibility for HVAC maintenance and replacement. Landlord responsibilities are limited to roof and structural components, while also administering common area maintenance, creating a favorable balance of passive ownership and asset oversight.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
11,000 SF
Building Class
C
Year Built/Renovated
1948/2026
Price
$1,571,000
Price Per SF
$142.82
Cap Rate
7%
NOI
$110,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.80 AC
Parking
32 Spaces (2.91 Spaces per 1,000 SF Leased)
Frontage
282’ on South Orange Street
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 11,000 SF
- -
- Triple Net
- Feb 2036
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business created by J.L. Turner and Cal Turner. The company later evolved into a discount retailer and now focuses on everyday essentials, including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, alongside private brands and well-known national brands. Dollar General also operates DG Market, DGX, and pOpshelf formats in the United States and Mi Súper Dollar General stores in Mexico, while continuing to build a broad convenience-oriented general merchandise business.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 11,000 SF | - | Triple Net | Feb 2036 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $156,700 | |
| Land Assessment | $75,700 | Total Assessment | $232,400 |
Property Taxes
Parcel Numbers
Land Assessment
$75,700
Improvements Assessment
$156,700
Total Assessment
$232,400
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Contact the Sale Advisor
Dollar General Market | 605 S Orange St