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406 S Main St 9,026 SF Retail Building Walton, IN 46994 $1,549,168 CAD ($171.63 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Investment-Grade Tenant: The property is anchored by Dollar General Corp., a Fortune 500 company with an S&P credit rating of BBB
- Absolute NNN Lease Structure: The property operates under an absolute NNNl ease, with the tenant responsible for all maintenance, taxes, and insurance
- Strategic Location with Limited Competition: The property is located in a strong retail corridor with minimal direct competition
- Corporate Guarantee: The lease is backed by a full corporate guarantee from Dollar General Corp
- Long-Term Lease with Growth: Approximately 9.2 years remaining on the initial lease term, with five (5) additional 5-year renewal options
- Attractive Yield Profile: The asset offers an above-market cap rate, making it an appealing opportunity for investors seeking stable cash flow
Executive Summary
Name
Kyle Matthews
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # RC52200195, RB17001213 (IN)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Kyle Matthews
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # RC52200195, RB17001213 (IN)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2020
Price
$1,549,168 CAD
Price Per SF
$171.63 CAD
Cap Rate
7.50%
NOI
$116,193 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 End
-
- Retailer
- -
- -
- -
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 End | ||
|
|
Retailer | - | - | - |
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
Contacts
-
Brett Beers -
Kevin Bettinger -
Erik Vogelzang -
Matthews Real Estate Investment Services
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406 S Main St
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