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Discount

Dollar General

1001 N 8th St, Vincennes, IN 47591

Listing Price: $497,287

Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
2.1
Gross SF
11,000
Guarantor
Corporate Guarantee
Rentable SF
11,000
Price/Gross SF
$45.21
Lease Type
Double Net
Rent Per Square Feet
$3.62

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Dollar General located in Vincennes, Indiana.

Investment Highlights

  • 11,000-Square-Foot Dollar General in Vincennes, Indiana
  • Long Term Tenant (57 Years) With Multiple Renewals
  • Cheap and Replaceable Rent of $3.62 per Square Foot | Low Price Point and Price per Square Foot for Infill Location Dollar Store
  • 3 Percent Rental Increases at First of Five-Year Option Period
  • Proven Location – Tenant Has been Operating at Site Since 1965
  • New HVAC within Past Five Years and New Front Roof
  • Minimal Landlord Responsibilities: Landlord Roof and Structure, Tenant Reimburses Common Area Maintenance, Taxes, Parking Lot and Insurance

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Discount

Dollar General

Listing Price: $497,287

Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
2.1
Gross SF
11,000
Guarantor
Corporate Guarantee
Rentable SF
11,000
Price/Gross SF
$45.21
Lease Type
Double Net
Rent Per Square Feet
$3.62

Investment Highlights

  • 11,000-Square-Foot Dollar General in Vincennes, Indiana
  • Long Term Tenant (57 Years) With Multiple Renewals
  • Cheap and Replaceable Rent of $3.62 per Square Foot | Low Price Point and Price per Square Foot for Infill Location Dollar Store
  • 3 Percent Rental Increases at First of Five-Year Option Period
  • Proven Location – Tenant Has been Operating at Site Since 1965
  • New HVAC within Past Five Years and New Front Roof
  • Minimal Landlord Responsibilities: Landlord Roof and Structure, Tenant Reimburses Common Area Maintenance, Taxes, Parking Lot and Insurance

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Dollar General located in Vincennes, Indiana.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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