801 E Main St - Freestanding FOR SALE


Gas City, IN 46933
$1,487,000 USD
650-678-7200
801 E Main St, Gas City, IN for Sale
$1,487,000 USD
Freestanding - FOR SALE
1/3
null | 7.15% Cap Rate

801 E Main St
Gas City, IN 46933


HIGHLIGHTS

  • 10+ years remaining in the base term and five, 5-year extension options featuring 10% rental increases
  • 2021 build-to-suit construction built to tenant’s latest prototype
  • Absolute NNN lease structure features zero Landlord expense obligations, providing an investor with a truly “hands-off” investment
  • The lease is backed by a corporate guaranty from Dollar General – #108 on the Fortune 500 list of companies
  • Dollar General generated $40.6 billion in FY 2024 sales, a 5% increase from the previous year
  • Dense residential demographics for Dollar General location – 60,000+ residents within a 10-mile radius of the subject property

OVERVIEW

A corporate absolute NNN Dollar General with over 10 years remaining in the primary term and five, 5-year options to extend the lease at increased rents. The tenant is the country’s largest small-box discount retailer with 20,500+ stores nationwide.

FOR SALE DETAILS

PRICE

$1,487,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

7.15%

% 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

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

-

APN/PARCEL ID

27-07-34-104-156.000-018

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

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