DOLLAR GENERAL w/ RENT INCREASES | 15YR NNN | 8035 Pea Ridge Rd
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DOLLAR GENERAL w/ RENT INCREASES | 15YR NNN 8035 Pea Ridge Rd
10,640 SF Retail Building Brookville, IN 47012 $1,985,401 ($187/SF) 6.85% Cap Rate
Investment Highlights
- 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years throughout the Initial Term and 5% at each Option.
- Located at a Hard Corner - Features Easy Access and Excellent Visibility Along one of the City’s Main Roads (IN-101) and Pea Ridge Road.
- Walking Distance from Brookville Lake - 25+ Miles of Hiking Trails, Boating, and Nationally known Recreational and Sport Fishing.
- Ranked #108 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating “BBB” by S&P’s.
- Pea Ridge Road leads to a very Active Boat Launch Location just West of this Store.
Executive Summary
Dollar General | 15 Year Absolute Net Lease w/ Rent Increases | Brand New 2024 Rare All-Wood Prototype Construction | Hard Corner Location | Along IN-101 and Pea Ridge Rd - Leads to a very Active Boat Launch Location | Adjacent to Brookville Lake - 25+ Miles of Hiking Trails, Boating, and Nationally known Recreational and Sport Fishing | Amazon Resistant Investment Grade Retail Concept
Indiana Broker of Record: Josh Caruana | License: RB14034355
Indiana Broker of Record: Josh Caruana | License: RB14034355
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,640 SF
Year Built
2024
Price
$1,985,401
Price Per SF
$187
Cap Rate
6.85%
NOI
$136,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.98 AC
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Dollar General
- Retailer
- 10,640 SF
- -
- Triple Net
- Sep 2039
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Dollar General | Retailer | 10,640 SF | - | Triple Net | Sep 2039 |
PROPERTY TAXES
Parcel Number | 24-10-02-200-003.000-003 | Improvements Assessment | $70,800 |
Land Assessment | $67,800 | Total Assessment | $138,600 |
PROPERTY TAXES
Parcel Number
24-10-02-200-003.000-003
Land Assessment
$67,800
Improvements Assessment
$70,800
Total Assessment
$138,600
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DOLLAR GENERAL w/ RENT INCREASES | 15YR NNN | 8035 Pea Ridge Rd
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