Discount
Dollar General
3725 N Keystone Ave, Indianapolis, IN 46218
Listing Price: $1,512,842
Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
5.3
Gross SF
9,230
Guarantor
Corporate Guarantee
Rentable SF
9,230
Price/Gross SF
$163.90
Lease Type
Absolute Net
Rent Per Square Feet
$11.47
Investment Overview
see highlights
Dollar General
Investment Highlights
- Best In Class Tenant - Corporate guarantee by Dollar General, a nationally recognized corporation with over 19,000 locations. The lease also includes 9% rent bumps in all option periods.
- Growing Area - A new proposed 95-unit multifamily project is located directly across the street from the property. The Indiana State Fairgrounds are also located less than a mile from the property.
- Strong Demographics - Located within the Indianapolis MSA, the property benefits from over 254,700 residents within 5 miles and sees over 27,000 vehicles per day on Keystone Ave.
- Established, Long-Term Location - The tenant recently extended their lease term for an additional five years by executing their first option period. They have three (3), 5-year option periods remaining.
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,512,842
Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
5.3
Gross SF
9,230
Guarantor
Corporate Guarantee
Rentable SF
9,230
Price/Gross SF
$163.90
Lease Type
Absolute Net
Rent Per Square Feet
$11.47
Investment Highlights
- Best In Class Tenant - Corporate guarantee by Dollar General, a nationally recognized corporation with over 19,000 locations. The lease also includes 9% rent bumps in all option periods.
- Growing Area - A new proposed 95-unit multifamily project is located directly across the street from the property. The Indiana State Fairgrounds are also located less than a mile from the property.
- Strong Demographics - Located within the Indianapolis MSA, the property benefits from over 254,700 residents within 5 miles and sees over 27,000 vehicles per day on Keystone Ave.
- Established, Long-Term Location - The tenant recently extended their lease term for an additional five years by executing their first option period. They have three (3), 5-year option periods remaining.
Investment Overview
see highlights
Exclusively Listed By
Broker of Record
Financing By
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