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9620 N Us Highway 31 9,100 SF Retail Building Columbus, IN 47201 $1,012,000 ($111.21/SF) 7.70% Cap Rate
Executive Summary
Single-tenant net-leased investment opportunity with established national tenant, Dollar General, providing stable and predictable cash flow. Tenant has operated successfully at this location since 2007 and recently executed a lease extension, demonstrating long-term commitment to the site.
Property is strategically located along highly trafficked US Highway 31 with strong visibility and easy access, supporting long-term tenant performance and retention.
NNN lease structure offers passive income with minimal landlord responsibilities. Financials, lease agreement, and additional due diligence materials available upon request with signed NDA and/or LOI.
Property is strategically located along highly trafficked US Highway 31 with strong visibility and easy access, supporting long-term tenant performance and retention.
NNN lease structure offers passive income with minimal landlord responsibilities. Financials, lease agreement, and additional due diligence materials available upon request with signed NDA and/or LOI.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2008
Price
$1,012,000
Price Per SF
$111.21
Cap Rate
7.70%
NOI
$77,916
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.27 AC
Zoning
CC - Zoned CC (Commercial Center), allowing retail and service uses. Supports current Dollar General tenancy and long-term investment stability.
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
-
99,999 SF
- -
- -
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 End | ||
|
|
Retailer | 99,999 SF | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-05-22-000-002.604-009 | Improvements Assessment | $608,800 |
| Land Assessment | $259,300 | Total Assessment | $868,100 |
Property Taxes
Parcel Number
03-05-22-000-002.604-009
Land Assessment
$259,300
Improvements Assessment
$608,800
Total Assessment
$868,100
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9620 N Us Highway 31