421 N Jefferson St - Freestanding FOR SALE


Covington, IN 47932
$825,000 USD
616-566-5790
421 N Jefferson St, Covington, IN for Sale
$825,000 USD
Freestanding - FOR SALE
1/4
null | 8% Cap Rate

421 N Jefferson St
Covington, IN 47932


HIGHLIGHTS

  • 4+ Years of Lease Term
  • Fortune 150 Investment Grade Tenant
  • Corporate Guarantee - Strong BBB Credit Rating
  • Only Dollar Store in Several Miles

OVERVIEW

SVN / Investment Property Advisors is pleased to offer this long term NN leased Dollar General in downtown Covington in Central West Indiana near the Illinois state line. 4+ years of lease term. Solid customer traffic with no other dollar stores within several miles. Located near everything in town and just 2 blocks from US Hwy 136, which traverses the city. Covington is the seat of Fountain County and this Dollar General is 80 miles West of Indianapolis, 8 miles West of Veedersburg, IN, 13 miles East of Danville, IL and 47 miles East of Champaign, IL. Under 2 miles from Interstate 74 interchange, which connects all of the above, and two blocks from US Hwy 136 near lots of retail including grocery, banks, restaurants, offices, Fountain County courthouse, and in a downtown neighborhood with lots of walk traffic. Center City Location Fortune 150 Investment Grade Tenant 4.5+ Years of Lease Term Corporate Guarantee - Strong BBB Credit Rating Tenant Website: www.DollarGeneral.com

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

CM

APN/PARCEL ID

23-06-35-224-024.000-016

ASK ABOUT THIS PROPERTY

David De MaagdSVN | Investment Property AdvisorsMore Info
616-566-5790

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David De MaagdSVN | Investment Property AdvisorsMore Info
616-566-5790

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