For Sale
$2,031,109

24Qh+2Pg Crawfordsville Indiana Crawfordsville, IN 47933

Brand new, high-traffic retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a brand-new, 10,566-square-foot Dollar General store in Crawfordsville, Indiana. Located on a hard corner at Cloverdale Drive and Highway 136, this property boasts high visibility with 12,118 cars passing daily. The 15-year absolute NNN lease, commencing November 24, 2024, and expiring November 30, 2039, includes five 5-year renewal options, each with a 5% rent increase. The lease is corporately guaranteed by Dollar General Corporation, holding an investment-grade "BBB" credit rating, ensuring minimal landlord responsibilities. The property sits on a 2.21-acre lot and offers 36 parking spaces. Built in 2024, this single-story building features a permitted commercial zoning. The strong demographics further enhance this investment, with a five-mile population of 23,674 and a three-mile average household income of $64,663. The asking price of $2,031,109 reflects a 6.70% cap rate based on a net operating income (NOI) of $136,084. This is an ideal opportunity for a 1031 exchange or passive investor seeking a secure, high-return investment in a nationally recognized brand. The property's strong location, long-term lease, and built-in rent increases provide a stable and predictable income stream.

Highlights

  • Brand new, 10,566 SF Dollar General store on a hard corner in Crawfordsville, IN.
  • 15-year absolute NNN lease with five 5-year renewal options, each with a 5% rent increase.
  • Corporately guaranteed by Dollar General (BBB credit rating), minimizing landlord responsibilities.
  • High visibility location with 12,118 cars passing daily.
  • Strong demographics: 23,674 population within five miles, $64,663 average household income within three miles.
  • Asking price: $2,031,109, reflecting a 6.70% cap rate.

Property Details for 0 24Qh+2Pg Crawfordsville Indiana

Property type
Retail properties, Retail space
Square Feet
10,566 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
96,268 SF
Units
1

Location Insight

City
Crawfordsville
County
Montgomery
State
Indiana
Latitude
40.0375625
Longitude
-86.8706719

FAQs

What type of property is this?
Retail property - Brand new, high-traffic retail investment.
Where is the retail property located?
The property is located at 24Qh+2Pg Crawfordsville Indiana Crawfordsville, IN.
What is the asking price?
The asking price for this property is $2,031,109.
What are key features of this property?
This property features: Brand new, 10,566 SF Dollar General store on a hard corner in Crawfordsville, IN.; 15-year absolute NNN lease with five 5-year renewal options, each with a 5% rent increase.; Corporately guaranteed by Dollar General (BBB credit rating), minimizing landlord responsibilities.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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0 24Qh+2Pg Crawfordsville Indiana
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