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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 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
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 started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 11,000 SF | - | Triple Net | Feb 2036 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $156,700 | |
| Land Assessment | $75,700 | Total Assessment | $232,400 |
Property Taxes
Presented by
Dollar General Market | 605 S Orange St
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