17604 Wayne St - Convenience Store FOR SALE


Zanesville, IN 46799
$1,131,000 USD
678-808-2762
17604 Wayne St, Zanesville, IN for Sale
$1,131,000 USD
Convenience Store - FOR SALE
1/3
null | 7% Cap Rate

17604 Wayne St
Zanesville, IN 46799


OVERVIEW

LOW RENT & PRICE POINT • This Dollar General has a low rent which equates to a low price point of $1.1 million 10-YEAR CORPORATE NNN LEASE • The subject property has been here since 2019 and has just under 10 years left on its 15-year corporate NNN lease. • There are 10-percent rent increases in each of the five, 5-year option periods. • The Tenant is 100% responsible for all expenses, including taxes, CAM, Insurance, roof and structure. NEAR 4.6M SQUARE FOOT GENERAL MOTORS ASSEMBLY PLANT • The subject property is located less than 5 miles from a 4.6 million square foot General Motors manufacturing plant that supports 4,363 employees. • Employees at Fort Wayne Assembly build more than 1,300 trucks each day, assisted by over 2,200 robots. • General Motors has invested $1.9 Billion in it’s Fort Wayne operation. The facility has paid its employees over $400 million in taxable wages, and donated over $600K to local Fort Wayne nonprofits. POSITIONED NEAR 2 MAJOR INTERSTATES (60,748 VPD) • This Dollar General is located less than 3 miles from I-469 (24,714 VPD) which connects Zanesville directly to downtown Fort Wayne. • The property is also located less than 5 miles from I-69 (36,034 VPD). AFFLUENT FORT WAYNE SUBURB WITH ATTRACTIVE 10.76% GROWTH • Zanesville, an affluent and growing suburb, with the average household income of $108,040, and 10.76% growth within 5 miles, is located 15 miles south of Fort Wayne, IN and is part of the MSA. • Fort Wayne has an estimated population of 264,488 and is the second largest city in Indiana and the 77th most populated city in the U.S. • Fort Wayne ’s economy is based upon distribution, transportation and logistics, healthcare, professional and business services, leisure and hospitality, financial services, and the defense industry. • The city is beginning a multi-phase development to convert its riverfront into a vibrant tourist and retail area. • Fort Wayne is home to Indiana University Fort Wayne (13,459 students) and Purdue University Fort Wayne (14,326 students). • Fort Wayne is the county seat of Allen County. INVESTMENT GRADE TENANT (S&P: BBB) W/ 20,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 20,000 locations and plans to open 800 stores in 2024. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

FOR SALE DETAILS

PRICE

$1,131,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

-

APN/PARCEL ID

02-16-33-478-006.000-079

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Don McMinnMarcus & MillichapMore Info
678-808-2762

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.