Skip to main content

Discount

Dollar General

1911 W State Rd 244, Milroy, IN 46156

Listing Price: $1,215,000

Cap Rate
7.15%
Tenant Name
Dollar General
Years Remaining On Lease
10.4
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$134.61
Lease Type
Absolute Net
Rent Per Square Feet
$9.63

Investment Overview

10.42 Years Remaining on a Corporately Guaranteed Absolute NNN Lease – No Landlord Responsibilities | Five, 5-Year Options with 10% Rental Increases at Each Option

Prime Access Located at the Signalized Intersection of Two Local Arteries: SR 244 and SR 3 | Milroy Sits Off the I-74 Business Corridor that Promotes the Region on the Basis of Interstate Access, Rail Connectivity, Proximity to International Airports and Access to a Workforce of More Than 3 Million People

Lack of Competition – Located 9 Miles from the Nearest Grocery Store

Recent Construction & Oversized Parcel – the Subject Property was Built-to-Suit for Dollar General in 2021 and is Positioned on a Large 2.45-Acre Parcel

Located 10 Miles from Greensburg, IN with Major Employers: Honda Indiana Auto Plant with 3,000+ Employees, One Solution Logistics with 700 Employees, Valeo Engine Cooling with 700 Employees, Decatur County Memorial Hospital with 600 Employees
 
Ideal Demographics for Dollar General: There are 18,347 Residents Within 10 Miles with an Average Household Income of $79,562 - Necessity Retailer Benefits from Being The Quick-stop Option for Food, Household Items, Paper Goods and Health and Beauty that Residents Prefer Not to Drive Farther to Buy

Located 8 Miles from Rushville with Rush Memorial Hospital with 500 Employees and INTAT Precision with 500 Employees | Rushville Announced that Diamond Pet Foods Would Invest More Than $220 Million in a 700,000-Square-Foot Manufacturing and Distribution Facility

Investment Highlights

  • 10.42 Years Remaining on a Corporately Guaranteed Absolute Triple-Net Lease – No Landlord Responsibilities | Five, Five-Year Options with 10 Percent Rental Increases at Each Option
  • Prime Access Located at the Signalized Intersection of Two Local Arteries: SR 244 and SR 3 | Milroy Sits Off the I-74 Business Corridor
  • Lack of Competition – Located Nine Miles from the Nearest Grocery Store

Exclusively Listed By

Discount

Dollar General

Listing Price: $1,215,000

Cap Rate
7.15%
Tenant Name
Dollar General
Years Remaining On Lease
10.4
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$134.61
Lease Type
Absolute Net
Rent Per Square Feet
$9.63

Investment Highlights

  • 10.42 Years Remaining on a Corporately Guaranteed Absolute Triple-Net Lease – No Landlord Responsibilities | Five, Five-Year Options with 10 Percent Rental Increases at Each Option
  • Prime Access Located at the Signalized Intersection of Two Local Arteries: SR 244 and SR 3 | Milroy Sits Off the I-74 Business Corridor
  • Lack of Competition – Located Nine Miles from the Nearest Grocery Store

Investment Overview

10.42 Years Remaining on a Corporately Guaranteed Absolute NNN Lease – No Landlord Responsibilities | Five, 5-Year Options with 10% Rental Increases at Each Option Prime Access Located at the Signalized Intersection of Two Local Arteries: SR 244 and SR 3 | Milroy Sits Off the I-74 Business Corridor that Promotes the Region on the Basis of Interstate Access, Rail Connectivity, Proximity to International Airports and Access to a Workforce of More Than 3 Million People Lack of Competition – Located 9 Miles from the Nearest Grocery Store Recent Construction & Oversized Parcel – the Subject Property was Built-to-Suit for Dollar General in 2021 and is Positioned on a Large 2.45-Acre Parcel Located 10 Miles from Greensburg, IN with Major Employers: Honda Indiana Auto Plant with 3,000+ Employees, One Solution Logistics with 700 Employees, Valeo Engine Cooling with 700 Employees, Decatur County Memorial Hospital with 600 Employees   Ideal Demographics for Dollar General: There are 18,347 Residents Within 10 Miles with an Average Household Income of $79,562 - Necessity Retailer Benefits from Being The Quick-stop Option for Food, Household Items, Paper Goods and Health and Beauty that Residents Prefer Not to Drive Farther to Buy Located 8 Miles from Rushville with Rush Memorial Hospital with 500 Employees and INTAT Precision with 500 Employees | Rushville Announced that Diamond Pet Foods Would Invest More Than $220 Million in a 700,000-Square-Foot Manufacturing and Distribution Facility

Exclusively Listed By

MM Texture Background
MM Textured Background Lower