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Dollar General

$1,487,000

801 East Main Street, Gas City, IN 46933

Active
Last Updated: 04/24/2025

7.15

Cap Rate

106,292

NOI

Details:
Cap Rate:    7.15%
NOI:    $106,292
Lot Area:    1.35 sqft
Lease Type:    Absolute Net
Year Built:    2021
Tenancy:    Single
Highlights:
  • 10+ years remaining in the base term and five, 5-year extension options featuring 10% rental increases
  • 2021 build-to-suit construction built to tenant’s latest prototype
  • Absolute NNN lease structure features zero Landlord expense obligations, providing an investor with a truly “hands-off” investment
  • The lease is backed by a corporate guaranty from Dollar General – #108 on the Fortune 500 list of companies
  • Dollar General generated $40.6 billion in FY 2024 sales, a 5% increase from the previous year
  • Dense residential demographics for Dollar General location – 60,000+ residents within a 10-mile radius of the subject property
Description:

A corporate absolute NNN Dollar General with over 10 years remaining in the primary term and five, 5-year options to extend the lease at increased rents. The tenant is the country’s largest small-box discount retailer with 20,500+ stores nationwide.

Map:
Documents:
Title
DollarGeneral_GasCityIN.pdf
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