Building Details

Year Built 2021

Buildings 1

Stories 1

Units 1

Tenancy Single

Listing Agency: Marcus & Millichap - Indianapolis d***@marcusmillichap.com Show Phone

Listed By: Madison Harman · License #IN RB14052326

Source: Crexi

Added: Apr 2 Changed: Aug 30 Last Checked: Aug 30 at 3:53AM

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Investment Insights

Based on property information with market context.

Completed in 2021, this 9,026-square-foot retail property was built specifically for Dollar General and occupies a 2.45-acre parcel in Milroy, Indiana. The lease is corporately guaranteed and structured on an absolute NNN basis, with no landlord responsibilities identified in the property information. The current term has 10.42 years remaining, followed by five 5-year renewal options that provide 10% rental increases at each option.

The property is positioned at the signalized intersection of State Road 244 and State Road 3, with access to the I-74 business corridor. It is located 10 miles from Greensburg and 8 miles from Rushville, with Commercial zoning supporting its retail use. Regional employment centers referenced for the area include Honda Indiana Auto Plant, One Solution Logistics, Valeo Engine Cooling, Decatur County Memorial Hospital, Rush Memorial Hospital, and INTAT Precision.

Key Highlights

• 9,026‑square‑foot Dollar General built‑to‑suit completed in 2021
• 2.45‑acre parcel at the signalized intersection of SR 244 and SR 3
• 10.42 years remaining on a corporately guaranteed absolute NNN lease

Property Analytics

Property Profile

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Furniture & Home Goods Big Box & Wholesale Store Veterinary Clinic Building Supply Hair Salon Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

61

Businesses Nearby

3k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

3,416 visits/mo 0.1 miles

Demographics for 46156, IN

1,497

Population

596

Households

2.5

Avg Household Size

37

Median Age

17%

College-Educated

89%

High-School Grad

40.4 sq mi

ZIP Area

37

Density / Sq Mi

$76,964

Median Household Income

$34,500

Median Earnings

$773

Median Rent

$128,600

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

NNN property - Built-to-suit retail facility leased on an absolute net basis with no landlord responsibilities.

Where is this nnn property located?

The property is located at 1911 West State Road 244 Milroy, IN.

What is the asking price?

The asking price for this property is $1,215,000.

What are key features of this property?

This property features: 9,026‑square‑foot Dollar General built‑to‑suit completed in 2021; 2.45‑acre parcel at the signalized intersection of SR 244 and SR 3; 10.42 years remaining on a corporately guaranteed absolute NNN lease