request_info_guest false
Street View
Map
3 Photos

Dollar General

$1,292,000

807 South Main Street, Upland, IN 46989

Active
Last Updated: 10/23/2024

7.2

Cap Rate

93,000

NOI

Details:
Cap Rate:    7.2%
NOI:    $93,000
Building Size:    9,100 sqft
Lot Area:    1.65 acres
Occupancy:    100%
Lease Type:    Absolute Net
Tenancy:    Single
Parking Spots:    30
Highlights:
  • Absolute NNN lease with zero landlord maintenance or expense responsibilities
  • 10% rent increases during each option period
  • Lease is guaranteed by Dollar General Corporation (NYSE: DG),#108 on the Fortune 500 list of companies (S&P: BBB)
  • Dollar General has 19,000+ locations with $38.7 billion in 2023 fiscal year sales and a net income of $1.7 billion
  • Recent build-to-suit to Dollar General’s 9,100 SF prototype
  • Less than 1 mile from Taylor University (1,901 students), which was founded in 1846 and located on a 952-acre campus in Upland
Description:

A corporate-backed, absolute NNN leased Dollar General with zero landlord maintenance or expense responsibilities. The lease features 9+ years remaining with five, 5-year options, each with a 10% rent increase. This Dollar General is the only national discount retailer in Upland, positioning it as the go-to destination for local shopping needs.

Map:
Documents:
Title
DollarGeneral_UplandIN.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery