105 Division St Remington, IN 47977

This exceptional investment opportunity presents a freestanding Dollar General Plus store, number 13100, located at 105 W Division St, Remington, IN 47977. The property boasts 8,840 square feet on a 0.45-acre lot and is situated in a prime location near a popular Interstate 65 exit, conveniently positioned between Indianapolis and Chicago. The single-tenant, 100% occupied property operates under a Net Net Net (NNN) lease with a remaining term of 10 years, commencing January 31, 2012. The lease includes three, five-year options with a 10% rental increase in each. The current annual net operating income (NOI) is $84,744, representing a 6.00% capitalization rate on the asking price of $1,412,400. This Dollar General Plus store is larger than a traditional location, featuring expanded cooler/freezer capacity for increased perishable inventory. The strong demographics within a 5-mile radius, boasting an average household income of $73,026, further enhance the investment's appeal. The corporate-guaranteed lease ensures minimal landlord responsibilities, making this a low-maintenance, high-return investment. The property is a one-story building. Dollar General Corporation holds a "BBB" rating from S&P. This location represents a relocation and expansion of an existing store, demonstrating the company's commitment to the Remington community. The property is approximately a 90-minute drive from Chicago.