For Sale
$1,578,000
2570 New Middletown Elizabeth Rd New Middletown, IN 47160
High-Yield NNN Lease, Indiana
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- Fee simple ownership of a Dollar General, NNN-leased with corporate guarantee. New 15-year lease includes five 5-year options with 10% annual rent increases.
- Prime location on New Middletown Elizabeth Road in New Middletown, IN, with limited competition.
- Strong demographics: 8,000+ residents and 1,600+ daytime employees within a 5-mile radius, with average household incomes exceeding $90,000.
- 10,640 square foot building on a 1.25-acre lot, built in 2023.
- $1,578,000 asking price, 6.75% cap rate, $106,522 annual NOI.
Property Details for 2570 New Middletown Elizabeth Rd
- Property type
- Retail properties, Retail space
- Square Feet
- 10,640 SF
- Year Built
- 2023
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 54,450 SF
- Units
- 1
Location Insight
- City
- New Middletown
- County
- Harrison
- State
- Indiana
- Latitude
- 38.1622615
- Longitude
- -86.0502717
Nearby Comparable
FAQs
- What type of property is this?
- Retail property - High-Yield NNN Lease, Indiana
- Where is the retail property located?
- The property is located at 2570 New Middletown Elizabeth Rd New Middletown, IN.
- What is the asking price?
- The asking price for this property is $1,578,000.
- What are key features of this property?
- This property features: Fee simple ownership of a Dollar General, NNN-leased with corporate guarantee. New 15-year lease includes five 5-year options with 10% annual rent increases.; Prime location on New Middletown Elizabeth Road in New Middletown, IN, with limited competition.; Strong demographics: 8,000+ residents and 1,600+ daytime employees within a 5-mile radius, with average household incomes exceeding $90,000.
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