Dollar General Market Grocery
1900 S Anderson St Elwood, IN 46036
1900 S Anderson St, Elwood, IN, 46036
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For Sale
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Double-sized Dollar General Market concept combines full-service grocery offerings with a Dollar General store.
Property Size24,341 SF
Price / SF$163.82
Days on Market154
Property Features for 1900 S Anderson St
General Information
- Standard status
- Active
- Size
- 24,341 SF
- Property subtype
- Retail
Listing agency
KELCO Investments
Listed by
Kelly Huang · License #IL 471008018
Source
Crexi
Added: Feb 17 Updated: Jul 21 at 12:11AM Checked: Jul 21 at 5:41AM
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 KELCO Investments
Investment Insights
Based on property information with market context.
This offering is a Dollar General Market store, described by the operator as a supermarket concept that is double the size of a typical DG Market. The concept is positioned to function as a traditional full-service grocery store and a Dollar General store. Public remarks also note a proposed 10-year renewal prior to the commencement of Dollar General’s second renewal option period. The operator has also indicated it will install a brand new HVAC system at its own expense in 2026.
The property is located at 1900 S Anderson St in Elwood, Indiana. Elwood is described as being 20–30 miles northeast of Noblesville and Indianapolis within the Indy-Carmel-Anderson MSA, and approximately 15 minutes from Interstate 69 to the east, according to the provided remarks.
The property is located at 1900 S Anderson St in Elwood, Indiana. Elwood is described as being 20–30 miles northeast of Noblesville and Indianapolis within the Indy-Carmel-Anderson MSA, and approximately 15 minutes from Interstate 69 to the east, according to the provided remarks.
Key Highlights
- Double‑sized Dollar General Market concept combining full‑service grocery offerings with a Dollar General store
- Placer.ai reports the Elwood store ranks #1 performing DG store in Indiana and in the top 90% nationally
- DG proposed a 10‑year renewal prior to the start of its second renewal option period
Local Financial Insights For Specialty 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 | $502.4k | $20.64 |
| − Vacancy | −$48.7k | −$2.00 |
| EGI | $453.7k | $18.64 |
| − OpEx | −$113.4k | −$4.66 |
| NOI | $340.2k | $13.98 |
24,341 SF · lease $20.64/SF/yr · vacancy 9.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.86M
$4.25M – $5.67M
NOI $340,249 @ 7.0% cap · market cap 8.53%
Second Best
Retail
$3.29M
$2.88M – $3.83M
NOI $230,022 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$5.61M
$4.91M – $6.55M
NOI $392,721 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - Double-sized Dollar General Market concept combines full-service grocery offerings with a Dollar General store.
Where is this grocery and convenience store located?
The property is located at 1900 S Anderson St Elwood, IN.
What is the asking price?
The asking price for this property is $3,987,470.
What are key features of this property?
This property features: Double‑sized Dollar General Market concept combining full‑service grocery offerings with a Dollar General store; Placer.ai reports the Elwood store ranks #1 performing DG store in Indiana and in the top 90% nationally; DG proposed a 10‑year renewal prior to the start of its second renewal option period
