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405 W Grave st, Patoka, IN, 47666

DOLLAR GENERAL
Closed

Key Information

Tot. SF
9,100
Year Built
2020
Term Remaining
±10.5 YRS
Type
Retail

Highlights

INVESTMENT HIGHLIGHTS

  • List price of $1,145,062 yielding a 7.50% cap rate
  • Over ±10.50 years remaining on the primary term including Five, 5-Year options with 10% rental increases at the start of each option period
  • 2020 built-to-suit construction for Dollar General
  • The property is ±1.45 acres and includes a concrete parking lot with 28 spaces.
  • Absolute NNN lease with no management responsibilities, making this a perfect investment for passive investors
  • Corporate guaranty from Dollar General Corporation, a fortune 500, investment grade (S&P: BBB) tenant. Dollar General has over 21,000 locations nationwide and is one of the nation’s leading retailers
  • Patoka, IN is located less than ±4 miles from Princeton, IN & ±30 miles from Evansville, IN
  • There are over 22,000 residents living within a 10-mile radius with an average household income surpassing $84,053
  • Located on the main retail corridor in town near the U.S. Highway 41 off-ramp (±13,100 VPD)

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203