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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

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
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

PROPERTY TAXES

Parcel Number
24-10-02-200-003.000-003
Land Assessment
$67,800
Improvements Assessment
$70,800
Total Assessment
$138,600
  • Listing ID: 32987330

  • Date on Market: 8/28/2024

  • Last Updated:

  • Address: 8035 Pea Ridge Rd, Brookville, IN 47012

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