4490 N 625 E, Crawfordsville, IN 47933
Cap Rate: 6.25%
Price Per SF: $131.92
Leasable Area: 9,100 SF
Term Remaining: 12.5 Years
Year Built: 2018
Lot Size: 1.23 Acres
Favorable Lease - 12.5 years remaining on the initial 15-year lease. Tenant has five, 5-year renewal options with 10% rental increases at the start of each option.
Strong Tenant - Dollar General has been in business since 1939 and is the largest "Small Box" retailer in the nation with over 16,000 locations Nationwide. Dollar General (NYSE: DG) is an investment Grade tenant with a "BBB" rating.
Excellent Location - Crawfordsville, IN is located 45 miles northwest of downtown Indianapolis, IN.
High Population Growth- The current population of Crawfordsville, IN is 16,118.
Zero Landlord Responsibilities - This property has an absolute NNN lease, which requires zero management on the landlords part. Perfect for buyers looking for a "hands-off" investment while reaping all the benefits of owning real estate.
1031 Exchange Asset - Dollar General is a great exchange property due to their creditworthiness and lack of landlord responsibilities. It is also deemed an essential business, thus staying open throughout the stay at home ordinances imposed nationwide