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Dollar General 421 N Jefferson St 8,000 SF Retail Building Covington, IN 47932 $1,156,403 CAD ($144.55 CAD/SF) 8% Cap Rate
Investment Highlights
- ~2.5 Years of Lease Term
- Corporate Guarantee - Strong BBB Credit Rating
- Strong Placer AI traffic indicating strong sales.
- Fortune 150 Investment Grade Tenant
- Only Dollar Store in Several Miles
Executive Summary
SVN / Investment Property Advisors is pleased to offer this long term NN leased Dollar General in downtown Covington in Central West Indiana near the Illinois state line. ~2.5 years of lease term. Solid customer traffic with no other dollar stores within several miles. Strong Placer AI traffic indicating strong sales.
Located near everything in town and just 2 blocks from US Hwy 136, which traverses the city. Covington is the seat of Fountain County and this Dollar General is 80 miles West of Indianapolis, 8 miles West of Veedersburg, IN, 13 miles East of Danville, IL and 47 miles East of Champaign, IL. Under 2 miles from Interstate 74 interchange, which connects all of the above, and two blocks from US Hwy 136 near lots of retail including grocery, banks, restaurants, offices, Fountain County courthouse, and in a downtown neighborhood with lots of walk traffic.
Center City Location
Fortune 150 Investment Grade Tenant
~2.5 Years of Lease Term
Corporate Guarantee - Strong BBB Credit Rating
Tenant Website: www.DollarGeneral.com
Strong Placer AI traffic indicating strong sales.
Located near everything in town and just 2 blocks from US Hwy 136, which traverses the city. Covington is the seat of Fountain County and this Dollar General is 80 miles West of Indianapolis, 8 miles West of Veedersburg, IN, 13 miles East of Danville, IL and 47 miles East of Champaign, IL. Under 2 miles from Interstate 74 interchange, which connects all of the above, and two blocks from US Hwy 136 near lots of retail including grocery, banks, restaurants, offices, Fountain County courthouse, and in a downtown neighborhood with lots of walk traffic.
Center City Location
Fortune 150 Investment Grade Tenant
~2.5 Years of Lease Term
Corporate Guarantee - Strong BBB Credit Rating
Tenant Website: www.DollarGeneral.com
Strong Placer AI traffic indicating strong sales.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$92,512
|
$11.56
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $92,512 |
| Annual Per SF | $11.56 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built
1999
Price
$1,156,403 CAD
Price Per SF
$144.55 CAD
Cap Rate
8%
NOI
$92,512 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.40 AC
Zoning
CM - Commercial
Frontage
100’ on Jefferson St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 8,000 SF
- $11.56 CAD
- Double Net
- Dec 2028
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 8,000 SF | $11.56 CAD | Double Net | Dec 2028 |
Moderately walkable
60/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-06-35-224-024.000-016 | Improvements Assessment | $606,742 CAD |
| Land Assessment | $93,106 CAD | Total Assessment | $699,848 CAD |
Property Taxes
Parcel Number
23-06-35-224-024.000-016
Land Assessment
$93,106 CAD
Improvements Assessment
$606,742 CAD
Total Assessment
$699,848 CAD
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Dollar General | 421 N Jefferson St
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