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Dollar General 169 N Main St

9,026 SF Retail Building North Salem, IN 46165 £987,258 (£109/SF) 7.15% Net Initial Yield

Investment Highlights

  • Absolute NNN – Zero Landlord Responsibilities
  • Located Next to North Salem Elementary School
  • Zero Competition in the Area – Dollar General is the Only Corporate Tenant in the area
  • Dollar General is Accompanied by an Investment Grade “BBB” Credit Rating
  • Long Lease Term Remaining – ±11.4 Years Remaining on the Current Term
  • Recession Resistant Tenant – Dollar General has Been Historically Profitable During Times of Market Uncertainty

Executive Summary

Broker of Record
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
C
Year Built
2021
Price
£987,258
Price Per SF
£109
Net Initial Yield
7.15%
NOI
£70,589
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Land Acres
2.00 AC
Zoning
Commercial - Commercial
Frontage
29 ft on N Main St

Links

1 of 1
(615) 789-8730

  • Listing ID: 33126017

  • Date on Market: 10/09/2024

  • Last Updated:

  • Address: 169 N Main St, North Salem, IN 46165

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Gannon Ethington

(615) 789-8730

(615) 789-8730

Clay Smith

(214) 692-2216

(214) 692-2216

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