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Dollar General 8004 W Old Wabash Rd 9,026 SF Retail Building Andrews, IN 46702 $1,128,533 ($125.03/SF) 7.50% Cap Rate
Investment Highlights
- Investment-Grade Tenant: The property is leased to Dollar General Corp., a Fortune 500 company with an S&P credit rating of BBB
- Absolute NNN Lease Structure: The lease is structured as Absolute Triple Net (NNN), with zero landlord responsibilities
- Strategic Location with Limited Competition: The property is well-positioned in a strong retail corridor with minimal direct competition
- Corporate Guarantee: The lease is backed by a full corporate guarantee from Dollar General Corp. (NYSE: DG)
- Long-Term Lease with Growth: Approximately ±9.3 years remain on the current lease term, complemented by five 5-year renewal options
- Attractive Yield Profile: The asset offers an above-market return, making it highly appealing to investors seeking stable, passive income
Executive Summary
Kyle Matthews
License # RC52200195, RB17001213 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # RC52200195, RB17001213 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2020
Price
$1,128,533
Price Per SF
$125.03
Cap Rate
7.50%
NOI
$84,640
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
3.97 AC
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
-
Jan 0000
Dollar General began in 1939 as a wholesale venture and later opened its first store in 1955, growing into a discount retail business focused on everyday essentials. The company sells food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, paper products, and seasonal items, and it also offers products online. Dollar General operates as a broad neighborhood retail chain with a presence across the United States and Mexico, serving shoppers through convenient store formats and an e-commerce channel.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 0000 |
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 | $793,400 |
| Land Assessment | $57,400 | Total Assessment | $850,800 |
Property Taxes
Parcel Number
35-04-15-400-018.304-002
Land Assessment
$57,400
Improvements Assessment
$793,400
Total Assessment
$850,800
Contacts
-
Brett Beers -
Kevin Bettinger -
Erik Vogelzang -
Matthews Real Estate Investment Services
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Dollar General | 8004 W Old Wabash Rd
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