Dollar General for Sale in Logansport, IN
Logansport, IN
Key Investment Metrics
Price
$1,393,715
Cap Rate
7.0%
Net Operating Income
$97,560
Building Size
9002 SF
Land Area
2.21 Acres
Remaining Term
7.3 years
Lease Expiration
07/30/2033
Lease Term
14.8 years
Lease Commencement
09/30/2018
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2018
Occupancy
100%
Tenancy
Single
Rent Increases
In Option Periods
Property overview
Dollar General in Logansport
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,002 SF
- Land area
- 2.21 acres
- Year built
- 2018
- Lease type
- Absolute NNN
- Lease expiration
- 07/30/2033
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.