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Dollar General with Assumable 3.88% Loan 406 S Main St 9,026 SF Retail Building Walton, IN 46994 $1,581,453 CAD ($175.21 CAD/SF) 7.40% Cap Rate
Investment Highlights
- Portfolio of Two Dollar Generals With Attractive Loan That Must Be Assumed: 3.88% Interest Rate Through December 2031
- Corporate Guarantee with Over 20,000 Stores
- Built-to-Suit in 2020
- Attractive Assumable Loan Available for the Portfolio: 3.88% Interest Rate Through December 2031
- Absolute Net Lease With Over Nine Years Remaining on Base Term – 6/30/2035
Executive Summary
Marcus & Millichap is pleased to present these two Dollar Generals in Walton and Andrews Indiana. They are available for sale individually or as a portfolio. The portfolio has an attractive assumable loan with a 3.88% interest rate. Both Dollar Generals were built-to-suit in 2020 and have over nine years remaining on the absolute net leases.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2020
Price
$1,581,453 CAD
Price Per SF
$175.21 CAD
Cap Rate
7.40%
NOI
$117,033 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.33 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Jun 2035
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Jun 2035 |
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 09-18-31-300-006.000-022 | Improvements Assessment | $830,704 CAD |
| Land Assessment | $94,408 CAD | Total Assessment | $925,111 CAD |
Property Taxes
Parcel Number
09-18-31-300-006.000-022
Land Assessment
$94,408 CAD
Improvements Assessment
$830,704 CAD
Total Assessment
$925,111 CAD
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Dollar General with Assumable 3.88% Loan | 406 S Main St
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