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8004 W Old Wabash Rd 9,026 SF Retail Building Andrews, IN 46702 $1,144,000 ($126.74/SF) 7.40% Cap Rate
Investment Highlights
- Two Dollar Generals Available for Sale Individually or as a Portfolio
- Absolute Net Lease With Over Nine Years Remaining on Base Term – 7/31/2035
- Built-to-Suit in 2020
- Attractive Assumable Loan Available for the Portfolio: 3.88% Interest Rate Through December 2031
- Corporate Guarantee with Over 20,000 Stores
Executive Summary
Marcus & Millichap is pleased to present this portfolio of two Dollar Generals in Walton and Andrews Indiana. The properties are available for sale individually or as a portfolio. If sold as a portfolio, there is an attractive assumable loan with a 3.88% interest rate. Both Dollar Generals were built-to-suit in 2020 and have over nine years remaining on the absolute net leases.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2020
Price
$1,144,000
Price Per SF
$126.74
Cap Rate
7.40%
NOI
$84,640
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
3.97 AC
Zoning
NA
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Jul 2035
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Jul 2035 |
Not walkable
10/100
Exceptionally drivable
90/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 35-04-15-400-018.304-002 | Improvements Assessment | $550,300 |
| Land Assessment | $57,400 | Total Assessment | $607,700 |
Property Taxes
Parcel Number
35-04-15-400-018.304-002
Land Assessment
$57,400
Improvements Assessment
$550,300
Total Assessment
$607,700
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8004 W Old Wabash Rd
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