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9170 N State Road 9
Hope, IN 47246
Dollar General · Retail Property For Sale
PROPERTY FACTS
About 9170 N State Road 9 , Hope, IN 47246
The subject offering is an absolute triple-net leased Dollar General store with over 10+ years remaining on the original lease term and four five-year options. The store opened in June 2013 and is located in Hope, Indiana. This Dollar General Plus store has a larger grocery assortment than a traditional Dollar General store; additionally, the lease has a rare rental escalator in the original term of the lease (June 2023) and 10 percent rental escalator at the beginning of each renewal option period. Dollar General selected the hard corner subject site as it is well positioned along Indiana State Road 9 and directly across the street from Hauser Junior and Senior High School. Dollar General (NYSE:DG) is one of the largest discount retailers in the United States with over 14,000 neighborhood stores in 44 states. Annual revenues are in excess of $21 billion and Dollar General has an investment grade corporate credit rating of “BBB” by Standard and Poor’s. Hope, Indiana is located forty miles southeast of Indianapolis and in between the three major cities of Indianapolis Indiana, Cincinnati, Ohio and Louisville, Kentucky. The town is located a mere ten minutes from Columbus, Indiana and Interstate 65 and only twenty minutes from Greensburg, Indiana and Interstate 74. The subject offering represents a great investment opportunity for an investor to acquire a long-term, triple-net leased discount store in a market with virtually no competition.
PROPERTY TAXES
Parcel Number | 03-07-20-340-000.200-014 | Improvements Assessment | $774,700 |
Land Assessment | $67,100 | Total Assessment | $841,800 |
PROPERTY TAXES
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Listing ID: 10787315
Date on Market: 11/28/2017
Last Updated:
Address: 9170 N State Road 9, Hope, IN 47246