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Dollar General 8919 E Black Point Rd 9,100 SF Retail Building Syracuse, IN 46567 $1,705,017 CAD ($187.36 CAD/SF) 7% Cap Rate

Retail Buildings Indiana Syracuse 8919 E Black Point Rd, Syracuse, IN 46567

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INVESTMENT HIGHLIGHTS

  • Lake Town Location | Major Outdoor Enthusiast & Boating Area
  • 2.5 Hours from Indianapolis | 1 Hour from Fort Wayne | Limited Market Competition
  • Absolute NNN Lease | Zero Landlord Responsibilities | Rental Increasesv
  • Fortune 500 Retailer | Investment Grade Credit Rating | Corporate Guarantee

EXECUTIVE SUMMARY

The Klink Group of Marcus & Millichap is pleased to present for sale a portfolio of 5 premium location Dollar General stores located in Florida, South Carolina and Indiana. This offering presents a stable, income-producing investment backed by long-term, absolute triple-net (NNN) leases with Dollar General Corporation, a Fortune 500 company with an investment-grade credit rating (S&P: BBB). The package consists of exceptionally strong real estate sites with very dense demographics located in growing cities within primarily southern markets. The portfolio is priced at $7.9 million with a combined annual net operating income (NOI) of $515,247, offering a blended cap rate of over 6.5%+. The properties have firm term leases remaining that average 9.2 years, with four 5-year renewal options, each featuring 10% rental increases, providing inflation hedge and built-in income growth.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2019
Price
$1,705,017 CAD
Price Per SF
$187.36 CAD
Cap Rate
7%
NOI
$119,351 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.17 AC
Zoning
Commercial
Parking
24 Spaces (2.63 Spaces per 1,000 SF Leased)
Frontage
222’ on Black Point Road

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 9,100 SF
  • $13.12 CAD
  • Triple Net
  • Aug 2034

DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 9,100 SF $13.12 CAD Triple Net Aug 2034
1 1

PROPERTY TAXES

Parcel Number 43-04-14-100-139.000-025 Improvements Assessment $1,035,990 CAD
Land Assessment $98,886 CAD Total Assessment $1,134,876 CAD

PROPERTY TAXES

Parcel Number
43-04-14-100-139.000-025
Land Assessment
$98,886 CAD
Improvements Assessment
$1,035,990 CAD
Total Assessment
$1,134,876 CAD
(317) 218-5316

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 35335624

  • Date on Market: 2025-04-01

  • Last Updated:

  • Address: 8919 E Black Point Rd, Syracuse, IN 46567

The Retail Property at 8919 E Black Point Rd, Syracuse, IN 46567 is currently available for Sale. Contact Marcus & Millichap for more information.

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Dollar General | 8919 E Black Point Rd
(317) 218-5316 x

Dollar General | 8919 E Black Point Rd

Jordan Klink
(317) 218-5316

David Klink
(317) 218-5324

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