Dollar General Store in
101 N State St Lizton, IN 46149
For Sale
Contact for pricing
9,504 SF Dollar General store in Indianapolis MSA.
Property Size9,026 SF
Price / SF$131.29
Days on Market869
Property Features for 101 N State St
General Information
Standard status
Active
Size
9,026 SF
Property subtype
Retail
Building Details
Year Built
2011
Listing Agency:
SEPG ASSOCIATES
Listed By:
Eric Hillenbrand, CCIM, CLS · License #IN RB14037337
Source:
Crexi
Added: Mar 12, 2024
Changed: Jul 6
Last Checked: Jul 27 at 3:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SEPG ASSOCIATES
Investment Insights
Based on property information with market context.
This 9,504 SF Dollar General store is located in Lizton, Indiana, part of the Indianapolis MSA. Constructed and opened in 2011, the property was originally leased on a 15-year NNN basis, assigning zero landlord responsibilities. The lease, corporately guaranteed by Dollar General Corporation (rated BBB, investment grade), includes 5% rent increases every 5 years, including at each of the five 5-year renewal options. The current rent is $80,442.58, with a 10% increase scheduled in just under 3 years, and another 10% increase for each 5-year option.
Key Highlights
- Corporately guaranteed lease by Dollar General Corporation (BBB Investment Grade).
- NNN lease structure with zero landlord responsibilities.
- Rent increases of 5% every 5 years, including option periods.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.5k | $18.00 |
| − Vacancy | −$7.1k | −$0.79 |
| EGI | $155.3k | $17.21 |
| − OpEx | −$46.6k | −$5.16 |
| NOI | $108.7k | $12.05 |
9,026 SF · lease $18.00/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.66M
$1.46M – $1.94M
NOI $116,490 @ 7.0% cap · market cap 9.83%
Second Best
Retail
$1.55M
$1.36M – $1.81M
NOI $108,724 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$2.27M
$1.98M – $2.64M
NOI $158,603 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 9,504 SF Dollar General store in Indianapolis MSA.
Where is this grocery and convenience store located?
The property is located at 101 N State St Lizton, IN.
What is the asking price?
The asking price for this property is $1,185,000.
What are key features of this property?
This property features: Corporately guaranteed lease by Dollar General Corporation (BBB Investment Grade).; NNN lease structure with zero landlord responsibilities.; Rent increases of 5% every 5 years, including option periods.
