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    421 Jefferson St Covington, IN 47932

    For Sale
    $825,000

    Long-term NNN leased Dollar General in downtown Covington, Indiana.

    Property size:
    8,000 SF

    Property Features for 421 Jefferson St

    General Information

    Size
    8,000 SF

    Building Details

    Year built
    1999

    Source: David De Maagd, CPA, MBA Agent David De Maagd, CPA, MBA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Leased Dollar General Store

    This NNN leased Dollar General is located in downtown Covington, Indiana, near the Illinois state line. The property has over 3 years of lease term remaining. It benefits from solid customer traffic, with high Placer AI results indicating strong sales. The store is situated near various amenities and is just two blocks from US Hwy 136. Covington serves as the seat of Fountain County. The Dollar General is 80 miles west of Indianapolis, 8 miles west of Veedersburg, IN, 13 miles east of Danville, IL, and 47 miles east of Champaign, IL. It is located less than 2 miles from the Interstate 74 interchange and two blocks from US Hwy 136, near grocery stores, banks, restaurants, offices, and the Fountain County courthouse, in a downtown neighborhood with significant walk traffic. The tenant is a Fortune 150 investment-grade company with a strong BBB credit rating. The property size is 8,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store FedEx OnSite Mailing Service Western Union Money Transfer Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Fountain
    State
    Indiana
    Longitude
    -87.396
    Latitude
    40.138832

    Nearby Similar for Sale

    • $825,000
      8,000 SF

      Net Leased Dollar General, IN

      High-yield, single-tenant retail investment.
      421 Jefferson St, Covington, IN 47932
      View Details

    FAQs

    What type of property is this?
    Storefront property - Long-term NNN leased Dollar General in downtown Covington, Indiana.
    Where is this storefront property located?
    The property is located at 421 Jefferson St Covington, IN.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Fortune 150 Investment Grade Tenant (Dollar General); - Corporate Guarantee with Strong BBB Credit Rating; - High Placer AI Traffic indicating strong sales
    (616) 566-5790
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    421 Jefferson St Covington, IN 47932
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