1940 S State Road 57 - Freestanding FOR SALE


Oakland City, IN 47660
$895,000 USD
812-320-8483
1940 S State Road 57, Oakland City, IN for Sale
$895,000 USD
Freestanding - FOR SALE
1/3
null | 8.39% Cap Rate

1940 S State Road 57
Oakland City, IN 47660


HIGHLIGHTS

  • Strong Performer According to Placer.ai – Sales are Estimated to Be in the Top 35% in Indiana | #2 Out of 13 Stores Within 15 Miles in Visits
  • Excellent Visibility from IN-57 and IN-64 | Strategic Location Near Signalized Intersection (15,372 Combined VPD)
  • Site is Located 33 Miles from Evansville | Oakland City is a Part of the Evansville MSA, the 3rd Largest City in Indiana (Population: 317,000)

OVERVIEW

~5.5 Years Remaining on a NN Lease with a Corporate Guarantee | Four Five-Year Options with Rental Increases Strong Performer According to Placer.ai – Sales are Estimated to Be in the Top 35% in Indiana | #2 Out of 13 Stores Within 15 Miles in Visits This Site Features a Concrete Parking Lot and Pitched Metal Roof Excellent Visibility from IN-57 and IN-64 | Strategic Location Near Signalized Intersection (15,372 Combined VPD) ~One Mile from Oakland City University with 1,250 Students and Staff | 1.4 Miles from I-69 (31,471 VPD) Adjacent to ProRehab | Across the Street from Denny’s (71st Percentile in Indiana in Foot Traffic Per Placer.ai) and Marathon Gas Station | Nearby Retailers Include Subway, Family Dollar/Dollar Tree, IGA, NAPA Auto Parts, and the Oakland City Golf Club Site is Located 33 Miles from Evansville | Oakland City is a Part of the Evansville MSA, the 3rd Largest City in Indiana (Population: 317,000) Investment-Grade Tenant: Dollar General (NYSE: DG) has a BBB Credit Rating From S&P | Dollar General’s 2023 Revenue was $38.69 Billion | Opened Their 20,000th Store in 2024

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$99 USD /SF

CAP RATE

8.39%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Evansville, IN MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.41 AC

LAND SF

104,980 SF

ZONING

Commercial

APN/PARCEL ID

26-13-24-100-001.537-006

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
812-320-8483

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Damien YoderMarcus & MillichapMore Info
812-320-8483

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