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- LoopNet Team
1067 N US Highway 35
Winamac, IN 46996
Dollar General 7% Cap 8 Yrs of Term NN · Retail Property For Sale
Investment Highlights
- NN lease thru 5/31/2028 with early renewal
- 100% HVAC replaced 2015
- $61,200 annualized gross rent as of June 2019
- Parking lot reseal & restripe 2017
PROPERTY FACTS
About 1067 N US Highway 35 , Winamac, IN 46996
The Dollar General store #10760 in Winamac, Indiana, completed in 2006 is a metal building, metal roof with concrete block façade on 3 acres. In Winamac, Dollar General performs well with competitors Family Dollar and an IGA grocery, and serves a primary source of retail goods. In 2018, the lease was extended to accommodate a store remodel including the addition of reach-in commercial coolers and consequently the HVAC systems were replaced. The owner contributed toward the HVAC replacement and performed parking lot repairs, resealing and restriping. In 2018, the lease was extended until May 31, 2028 with annualized rent of $61,200 as of June 1, 2019 and $62,400 as of June 1, 2023.
PROPERTY TAXES
| Parcel Number | 66-07-02-400-031.001-010 | Improvements Assessment | $513,800 |
| Land Assessment | $270,000 | Total Assessment | $783,800 |
PROPERTY TAXES
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