Single-Tenant Retail Store with NNN
For Sale
Contact for pricing
2570 New Middletown Elizabeth Rd SE, New Middletown, IN 47160
Newly built Dollar General opened October 2023 on a 15-year absolute NNN lease with corporate guarantee.
Property SizeContact for details
Days on Market124
Property Features for 2570 New Middletown Elizabeth Rd SE
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 3:31PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
This 2023 build-to-suit Dollar General retail store offers 10,640 SF and was completed and opened to the public in October 2023. The property is structured with a Fifteen (15)Year Absolute NNN Lease, designed to leave zero landlord responsibilities, and includes five (5) year renewal options with a 10% rental rate increase for each option. The lease is corporately guaranteed by Dollar General Corporation, which is rated “BBB” (investment grade).
The store is positioned on New Middletown-Elizabeth Road and is described as highly visible, with 1,589 cars per day. Demographic information provided in the offering includes a 10-mile population of 58,589 and a three-mile average household income of $75,084 per year.
The offering is presented for investors seeking fee simple ownership, including 1031 exchange or passive investment objectives, with the list price described as reflecting a 6.80% cap rate based on NOI of $106,522.08.
The store is positioned on New Middletown-Elizabeth Road and is described as highly visible, with 1,589 cars per day. Demographic information provided in the offering includes a 10-mile population of 58,589 and a three-mile average household income of $75,084 per year.
The offering is presented for investors seeking fee simple ownership, including 1031 exchange or passive investment objectives, with the list price described as reflecting a 6.80% cap rate based on NOI of $106,522.08.
Key Highlights
- 2023 build Dollar General with 10,640 SF, opened to the public in October 2023
- 15‑year absolute NNN lease with zero landlord responsibilities
- Dollar General corporately guaranteed; tenant rated BBB (investment grade)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
3,061 visits/mo
0.4 miles
Demographics for 47160, IN
138
Population
32
Households
4.3
Avg Household Size
33
Median Age
14%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
345
Density / Sq Mi
$76,250
Median Household Income
$35,938
Median Earnings
$850
Median Rent
$116,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Newly built Dollar General opened October 2023 on a 15-year absolute NNN lease with corporate guarantee.
Where is this grocery and convenience store located?
The property is located at 2570 New Middletown Elizabeth Rd SE New Middletown, IN.
What are key features of this property?
This property features: 2023 build Dollar General with 10,640 SF, opened to the public in October 2023; 15‑year absolute NNN lease with zero landlord responsibilities; Dollar General corporately guaranteed; tenant rated BBB (investment grade)
