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.
Dollar General
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
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.
