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9620 N Us Highway 31 9,100 SF Retail Building Columbus, IN 47201 $1,374,296 CAD ($151.02 CAD/SF) 7.70% Cap Rate
Executive Summary
Single-tenant net-leased investment opportunity with established national tenant, Dollar General, providing stable and predictable cash flow. Tenant has operated successfully at this location since 2007 and recently executed a lease extension, demonstrating long-term commitment to the site.
Property is strategically located along highly trafficked US Highway 31 with strong visibility and easy access, supporting long-term tenant performance and retention.
NNN lease structure offers passive income with minimal landlord responsibilities. Financials, lease agreement, and additional due diligence materials available upon request with signed NDA and/or LOI.
Property is strategically located along highly trafficked US Highway 31 with strong visibility and easy access, supporting long-term tenant performance and retention.
NNN lease structure offers passive income with minimal landlord responsibilities. Financials, lease agreement, and additional due diligence materials available upon request with signed NDA and/or LOI.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2008
Price
$1,374,296 CAD
Price Per SF
$151.02 CAD
Cap Rate
7.70%
NOI
$105,810 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.27 AC
Zoning
CC - Zoned CC (Commercial Center), allowing retail and service uses. Supports current Dollar General tenancy and long-term investment stability.
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
-
99,999 SF
- -
- -
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 | 99,999 SF | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-05-22-000-002.604-009 | Improvements Assessment | $832,193 CAD |
| Land Assessment | $354,448 CAD | Total Assessment | $1,186,641 CAD |
Property Taxes
Parcel Number
03-05-22-000-002.604-009
Land Assessment
$354,448 CAD
Improvements Assessment
$832,193 CAD
Total Assessment
$1,186,641 CAD
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Presented by
Austgen Properties Inc
9620 N Us Highway 31
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