Dollar General for Sale in Indianapolis, IN
Indianapolis, IN
Key Investment Metrics
Price
$1,512,842
Cap Rate
7.0%
Net Operating Income
$105,898
Building Size
9230 SF
Land Area
1.6 Acres
Remaining Term
5.2 years
Lease Expiration
09/29/2031
Lease Term
20 years
Lease Commencement
09/24/2011
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2012
Occupancy
100%
Tenancy
Single
Rent Increases
In Options
Property overview
Dollar General in Indianapolis
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,230 SF
- Land area
- 1.6 acres
- Year built
- 2012
- Lease type
- Absolute NNN
- Lease expiration
- 09/29/2031
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.