10080 E STATE RD 56, Otwell, IN 47564

Building Details

Year Built 2021 More

Tenancy Single More

Listing Agency: Bang Realty

Listed By: Brian Brockman · License IN #701472 Show Phone

Source: Crexi

Added: Nov 5 Changed: Nov 8 Last Checked: Nov 8 at 4:31PM

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Investment Insights

Based on property information with market context.

Built in 2021, this Dollar General property is leased under an absolute NNN structure with a corporate guarantee. The lease has approximately 10 years remaining. The property is located at 10080 E State Rd 56 in Otwell, Indiana.

Key Highlights

• Dollar General property completed in 2021
• Approximately 10 years remain on the absolute NNN lease
• Lease carries a corporate guarantee

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

8

Businesses Nearby

7k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

6,908 visits/mo 0.0 miles

Demographics for 47564, IN

1,375

Population

628

Households

2.2

Avg Household Size

44

Median Age

10%

College-Educated

79%

High-School Grad

38.6 sq mi

ZIP Area

36

Density / Sq Mi

$59,125

Median Household Income

$38,333

Median Earnings

$932

Median Rent

$148,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

NNN property - A corporately backed absolute NNN lease has approximately a decade remaining in its term.

Where is this nnn property located?

The property is located at 10080 E STATE RD 56 Otwell, IN.

What is the asking price?

The asking price for this property is $1,350,846.

What are key features of this property?

This property features: Dollar General property completed in 2021; Approximately 10 years remain on the absolute NNN lease; Lease carries a corporate guarantee