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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
License # RC52200195, RB17001213 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
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Jan 0000
Dollar General began in 1939 as J.L. Turner and Son, a family business rooted in Scottsville, Kentucky, and later adopted the Dollar General name as the business expanded. The company built its model around small-box discount retailing and a simple mission centered on serving customers with affordable products and services. The company offers food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, sold through Dollar General, DG Market, DGX, pOpshelf, and Mi Súper Dollar General formats. Dollar General also sells products online and combines private brands with widely recognized national brands across a broad consumer mix.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | Jan 0000 |
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
Contacts
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Brett Beers -
Kevin Bettinger -
Erik Vogelzang -
Matthews Real Estate Investment Services
