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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 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, 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
Retailer 99,999 SF - -
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Nearby Major Retailers

Toyota
Waffle House

Property Taxes

Property Taxes

Parcel Number
03-05-22-000-002.604-009
Land Assessment
$259,300
Improvements Assessment
$608,800
Total Assessment
$868,100
  • Listing ID: 40090478

  • Date on Market: 4/9/2026

  • Last Updated:

  • Address: 9620 N Us Highway 31, Columbus, IN 47201

Contact the Sale Advisor

9620 N Us Highway 31

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