807 Main St Upland, IN 46989

This exceptional investment opportunity presents a freestanding, 9,100 square foot Dollar General located at 807 S Main St, Upland, IN 46989. The property sits on a 1.65-acre lot and boasts 30 parking spaces, catering to the high volume of customers expected from this prime location. The property is currently operating under a 100% occupied, absolute NNN lease with Dollar General Corporation (NYSE: DG), a Fortune 500 company, providing significant financial stability and minimal landlord responsibilities. The lease has a remaining term of 9 years, with five 5-year options, each including a 10% rent increase. This translates to a substantial $93,000 annual net operating income (NOI) and a compelling 7.20% cap rate on the $1,292,000 asking price. The property benefits from its proximity to Taylor University, a significant local institution with over 1,900 students, ensuring a consistent customer base. This recent build-to-suit property represents a low-maintenance, high-return investment with a strong tenant and favorable lease terms, making it an ideal addition to any portfolio. The property is the only national discount retailer in Upland, ensuring a dominant market position. This is a rare opportunity to acquire a stable, high-performing retail asset with significant long-term growth potential.