For Sale
$1,131,000
17604 Wayne St Zanesville, IN 46799
High-growth Indiana retail investment. Strong tenant, long lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 133
Highlights
- 7,545 SF Dollar General store on a 1.96-acre lot in Zanesville, IN.
- 15-year NNN lease with 9.2 years remaining, five 5-year options with 10% rent increases.
- $79,151 annual NOI, 7.00% cap rate on $1,131,000 asking price.
- Excellent location near I-469 and I-69 (60,748 VPD), less than 5 miles from a major General Motors plant.
- Strong market: Zanesville boasts a 10.76% growth rate within a 5-mile radius and $108,040 average household income. Investment-grade tenant (Dollar General, S&P: BBB).
- 2018 construction, 100% occupancy.
Property Details for 17604 Wayne St
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 7,545 SF
- Year Built
- 2018
- Lot Size (sq. ft)
- 85,378 SF
Location Insight
- City
- Zanesville
- County
- Allen
- State
- Indiana
- Latitude
- 40.9199966
- Longitude
- -85.2812776
Nearby Comparable
FAQs
- What type of property is this?
- Retail property - High-growth Indiana retail investment. Strong tenant, long lease.
- Where is the retail property located?
- The property is located at 17604 Wayne St Zanesville, IN.
- What is the asking price?
- The asking price for this property is $1,131,000.
- What are key features of this property?
- This property features: 7,545 SF Dollar General store on a 1.96-acre lot in Zanesville, IN.; 15-year NNN lease with 9.2 years remaining, five 5-year options with 10% rent increases.; $79,151 annual NOI, 7.00% cap rate on $1,131,000 asking price.
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