For Lease
$243.15/SF/YR

TBD South Chicago Ave / Jackson St Brazil, IN 47834

High-traffic, NNN-leased retail property.

Overview

Added:
Dec 23, 2024
Days on market:
125
This exceptional investment opportunity presents a newly developed Dollar General store in Brazil, Indiana, poised to commence operations in February 2025. The property boasts a substantial 10,640 square feet of rentable space, operating under a secure 5+ year NNN lease, requiring zero landlord responsibilities. The lease includes an attractive 5% rent increase during each 5-year option period. This strategically located property sits along US-40, a major thoroughfare with a combined daily traffic volume exceeding 42,000 vehicles. Its prime position within a retail corridor featuring established national tenants such as Dairy Queen, McDonald's, Kroger, and KFC, ensures high visibility and consistent customer traffic. The Dollar General store serves as a primary source of goods for local residents, minimizing local retail competition. The annual rent is $258,705, with a rate of $243.15 per square foot. This investment-grade tenant, Dollar General, offers a strong and stable income stream. The property's location and the tenant's financial strength make this a compelling opportunity for discerning investors seeking a low-maintenance, high-return investment.

Highlights

  • New Dollar General in Brazil, IN, opening February 2025.
  • High-traffic location on US-40, exceeding 42,000 vehicles daily.
  • Investment-grade tenant with a strong S&P credit rating of BBB.

Property Details for TBD South Chicago Ave / Jackson St

Property type
Retail properties
Lease Type
NNN
RSF (Rentable sq. ft)
10,640 SF
Year Built
2025
Buildings
1
Stories
1
Elevators
N/A
Total Rate
2587085
Lease Type
NNN
Lease Term
5+ Years

Location Insight

City
Brazil
County
State
Indiana

FAQs

What type of property is this?
Retail property - High-traffic, NNN-leased retail property.
Where is the retail property located?
The property is located at TBD South Chicago Ave / Jackson St Brazil, IN.
What is the lease rate?
The lease rate is $243.15/SF/YR.
What are key features of this property?
This property features: New Dollar General in Brazil, IN, opening February 2025.; High-traffic location on US-40, exceeding 42,000 vehicles daily.; Investment-grade tenant with a strong S&P credit rating of BBB.
How can I contact the broker?
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TBD South Chicago Ave / Jackson St
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