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Dollar General 8004 W Old Wabash Rd 9,026 SF Retail Building Andrews, IN 46702 $1,532,548 CAD ($169.79 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Investment-Grade Tenant: The property is leased to Dollar General Corp., a Fortune 500 company with an S&P credit rating of BBB
- Absolute NNN Lease Structure: The lease is structured as Absolute Triple Net (NNN), with zero landlord responsibilities
- Strategic Location with Limited Competition: The property is well-positioned in a strong retail corridor with minimal direct competition
- Corporate Guarantee: The lease is backed by a full corporate guarantee from Dollar General Corp. (NYSE: DG)
- Long-Term Lease with Growth: Approximately ±9.3 years remain on the current lease term, complemented by five 5-year renewal options
- Attractive Yield Profile: The asset offers an above-market return, making it highly appealing to investors seeking stable, passive income
Executive Summary
Kyle Matthews
License # RC52200195, RB17001213 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # RC52200195, RB17001213 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(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
$1,532,548 CAD
Price Per SF
$169.79 CAD
Cap Rate
7.50%
NOI
$114,941 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
3.97 AC
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
-
Jan 0000
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 | - | - | Jan 0000 |
Not walkable
10/100
Exceptionally drivable
90/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 35-04-15-400-018.304-002 | Improvements Assessment | $1,084,530 CAD |
| Land Assessment | $78,462 CAD | Total Assessment | $1,162,993 CAD |
Property Taxes
Parcel Number
35-04-15-400-018.304-002
Land Assessment
$78,462 CAD
Improvements Assessment
$1,084,530 CAD
Total Assessment
$1,162,993 CAD
Contacts
-
Brett Beers -
Kevin Bettinger -
Erik Vogelzang -
Matthews Real Estate Investment Services
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Dollar General | 8004 W Old Wabash Rd
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