Dollar General for Sale in Merrillville, IN
Merrillville, IN
Key Investment Metrics
Price
$1,020,450
Cap Rate
8.0%
Net Operating Income
$81,636
Building Size
9014 SF
Land Area
0.95 Acres
Remaining Term
5.1 years
Lease Expiration
08/31/2031
Lease Term
25.9 years
Lease Commencement
10/05/2005
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
2006
Occupancy
100%
Tenancy
Single
Rent Increases
8% in each Option
Property overview
Dollar General in Merrillville
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,014 SF
- Land area
- 0.95 acres
- Year built
- 2006
- Lease type
- NN
- Lease expiration
- 08/31/2031
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.