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Brand New Construction Dollar General | Outside Indianapolis | 15-Year Abs Net Lease | Hard Corner

1911 W State Rd 244, Milroy (Outside Indianapolis), IN 46156

Listing Price: $1,538,407

Cap Rate
5.65%
Tenant Name
Dollar General
Years Remaining On Lease
15.5
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$169.06
Lease Type
Absolute Net
Rent Per Square Feet
$9.55

Investment Overview

Milroy is a census-designated place in Anderson Township, in the southern part of Rush County, in the U.S. state of Indiana, about 45 Miles Southeast from Indianapolis.

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2021 Construction.
  • Ranked #112 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $33.74 Billion.
  • Located Along IN-244, the City's Main Highway. Signalized Hard Corner Location - Features Easy Access & Excellent Visibility. Limited Competition - The next Dollar General is over 9 Miles Away.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

Discount

Brand New Construction Dollar General | Outside Indianapolis | 15-Year Abs Net Lease | Hard Corner

Listing Price: $1,538,407

Cap Rate
5.65%
Tenant Name
Dollar General
Years Remaining On Lease
15.5
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$169.06
Lease Type
Absolute Net
Rent Per Square Feet
$9.55

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option. Brand New 2021 Construction.
  • Ranked #112 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $33.74 Billion.
  • Located Along IN-244, the City's Main Highway. Signalized Hard Corner Location - Features Easy Access & Excellent Visibility. Limited Competition - The next Dollar General is over 9 Miles Away.

Investment Overview

Milroy is a census-designated place in Anderson Township, in the southern part of Rush County, in the U.S. state of Indiana, about 45 Miles Southeast from Indianapolis.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

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