Corporate-Guaranteed NNN
For Sale
Contact for pricing
215 N Old US Hwy 41, Boswell, IN 47921
Absolute NNN lease structure places CAM, taxes, insurance, and property maintenance with the tenant.
Property SizeContact for details
Days on Market144
Property Features for 215 N Old US Hwy 41
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners McLean
(202) 286-1542
Listed By:
Andrew Fallon · License #PA RSR006585
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 10:03AM
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 SRS Real Estate Partners McLean
Investment Insights
Based on property information with market context.
This newly constructed retail property is leased to Dollar General Corp. under an absolute NNN structure. The tenant is responsible for CAM, taxes, insurance, and maintenance of the premises. The lease has more than 13 years remaining on its original 15-year term, includes five 5-year extension options, and provides 10% rental increases at the start of each option. The lease is corporately guaranteed by Dollar General Corp.
The property is located directly off US Highway 41 at 215 N Old US Hwy 41 in Boswell, Indiana. Physical features include significant street frontage, a large pylon sign, and access from the primary thoroughfare serving Boswell and the surrounding trade area. The store is identified as the first discount or dollar store in Boswell, with the nearest similar store more than 7 miles away.
The 10-mile trade area includes more than 7,400 residents and 1,600 employees, with average household income of $65,744.
The property is located directly off US Highway 41 at 215 N Old US Hwy 41 in Boswell, Indiana. Physical features include significant street frontage, a large pylon sign, and access from the primary thoroughfare serving Boswell and the surrounding trade area. The store is identified as the first discount or dollar store in Boswell, with the nearest similar store more than 7 miles away.
The 10-mile trade area includes more than 7,400 residents and 1,600 employees, with average household income of $65,744.
Key Highlights
- More than 13 years remain on the original 15‑year lease
- Five 5‑year extension options with 10% rental increases at each option
- Corporate guarantee from Dollar General Corp.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
3,408 visits/mo
0.3 miles
Marathon Petroleum
Shops & Services
1,435 visits/mo
0.3 miles
Demographics for 47921, IN
1,115
Population
503
Households
2.2
Avg Household Size
38
Median Age
18%
College-Educated
90%
High-School Grad
41.7 sq mi
ZIP Area
27
Density / Sq Mi
$81,442
Median Household Income
$31,700
Median Earnings
$900
Median Rent
$168,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN lease structure places CAM, taxes, insurance, and property maintenance with the tenant.
Where is this nnn property located?
The property is located at 215 N Old US Hwy 41 Boswell, IN.
What are key features of this property?
This property features: More than 13 years remain on the original 15‑year lease; Five 5‑year extension options with 10% rental increases at each option; Corporate guarantee from Dollar General Corp.
