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Dollar General 704 E Albion St 9,026 SF Retail Building Avilla, IN 46710 $1,179,000 ($130.62/SF) 7.50% Cap Rate
Investment Highlights
- Tenant Just Extended Five Years Through 10/31/2031 with Scheduled 10% Rent Increase
- Built to Suit in 2011
- Part of a Seven Location Dollar General Portfolio and Available for Sale Individually
- Triple Net Lease with Corporate Guarantee
- Strong Placer.ai Metrics: #156 of 686 in Indiana and Most-Visited Dollar General within 15 Miles
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
C
Year Built
2011
Price
$1,179,000
Price Per SF
$130.62
Cap Rate
7.50%
NOI
$88,390
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.04 AC
Parking
31 Spaces (3.43 Spaces per 1,000 SF Leased)
Frontage
162’ on Progress Way
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 570935400064000005 | Improvements Assessment | $587,400 |
| Land Assessment | $67,000 | Total Assessment | $654,400 |
Property Taxes
Parcel Number
570935400064000005
Land Assessment
$67,000
Improvements Assessment
$587,400
Total Assessment
$654,400
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Dollar General | 704 E Albion St
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