Dollar General | Evansville, IN MSA | 1940 S State Road 57
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Dollar General | Evansville, IN MSA 1940 S State Road 57
9,014 SF Retail Building Oakland City, IN 47660 $895,000 ($99/SF) 8.39% Cap Rate
Investment Highlights
- Strong Performer According to Placer.ai – Sales are Estimated to Be in the Top 35% in Indiana | #2 Out of 13 Stores Within 15 Miles in Visits
- Site is Located 33 Miles from Evansville | Oakland City is a Part of the Evansville MSA, the 3rd Largest City in Indiana (Population: 317,000)
- Excellent Visibility from IN-57 and IN-64 | Strategic Location Near Signalized Intersection (15,372 Combined VPD)
Executive Summary
~5.5 Years Remaining on a NN Lease with a Corporate Guarantee | Four Five-Year Options with Rental Increases
Strong Performer According to Placer.ai – Sales are Estimated to Be in the Top 35% in Indiana | #2 Out of 13 Stores Within 15 Miles in Visits
This Site Features a Concrete Parking Lot and Pitched Metal Roof
Excellent Visibility from IN-57 and IN-64 | Strategic Location Near Signalized Intersection (15,372 Combined VPD)
~One Mile from Oakland City University with 1,250 Students and Staff | 1.4 Miles from I-69 (31,471 VPD)
Adjacent to ProRehab | Across the Street from Denny’s (71st Percentile in Indiana in Foot Traffic Per Placer.ai) and Marathon Gas Station | Nearby Retailers Include Subway, Family Dollar/Dollar Tree, IGA, NAPA Auto Parts, and the Oakland City Golf Club
Site is Located 33 Miles from Evansville | Oakland City is a Part of the Evansville MSA, the 3rd Largest City in Indiana (Population: 317,000)
Investment-Grade Tenant: Dollar General (NYSE: DG) has a BBB Credit Rating From S&P | Dollar General’s 2023 Revenue was $38.69 Billion | Opened Their 20,000th Store in 2024
Strong Performer According to Placer.ai – Sales are Estimated to Be in the Top 35% in Indiana | #2 Out of 13 Stores Within 15 Miles in Visits
This Site Features a Concrete Parking Lot and Pitched Metal Roof
Excellent Visibility from IN-57 and IN-64 | Strategic Location Near Signalized Intersection (15,372 Combined VPD)
~One Mile from Oakland City University with 1,250 Students and Staff | 1.4 Miles from I-69 (31,471 VPD)
Adjacent to ProRehab | Across the Street from Denny’s (71st Percentile in Indiana in Foot Traffic Per Placer.ai) and Marathon Gas Station | Nearby Retailers Include Subway, Family Dollar/Dollar Tree, IGA, NAPA Auto Parts, and the Oakland City Golf Club
Site is Located 33 Miles from Evansville | Oakland City is a Part of the Evansville MSA, the 3rd Largest City in Indiana (Population: 317,000)
Investment-Grade Tenant: Dollar General (NYSE: DG) has a BBB Credit Rating From S&P | Dollar General’s 2023 Revenue was $38.69 Billion | Opened Their 20,000th Store in 2024
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$75,072
|
$8.33
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $75,072 |
| Annual Per SF | $8.33 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2009
Price
$895,000
Price Per SF
$99
Cap Rate
8.39%
NOI
$75,072
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.41 AC
Zoning
Commercial - Commercial
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 26-13-24-100-001.537-006 | Improvements Assessment | $608,100 |
| Land Assessment | $46,500 | Total Assessment | $654,600 |
PROPERTY TAXES
Parcel Number
26-13-24-100-001.537-006
Land Assessment
$46,500
Improvements Assessment
$608,100
Total Assessment
$654,600
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Dollar General | Evansville, IN MSA | 1940 S State Road 57
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.