Dollar General Retail
New
For Sale
$1,977,265
2948 W 400 N, Peru, IN 46970
Purpose-built retail property with a long-term absolute net lease and scheduled rent increases.
Property Size9,100 SF
Price / SF$217.28
Days on Market2
Property Features for 2948 W 400 N
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Discount
Lease Type
Absolute Net
Additional Details
Cap Rate
6.65%
Highway Access
Yes
Amenities
15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New 2026 Rare All-Wood Prototype Construction.
Strategic U.S. 31 Location – Positioned Directly at U.S. 31 and West 400 North, the Site Benefits from Prominent Highway Exposure and Convenient Access from West 400 North.
Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $42.72 Billion.
Major North-South Transportation Corridor – U.S. 31 is a Key North-Central Indiana Artery Linking Kokomo, Peru, Rochester and South Bend, Supporting Consistent Commuter, Commercial and Regional Traffic.
Convenient U.S. 24 Connectivity – the Property Sits North of the Nearby U.S. 24 Interchange, Providing Efficient East-West Access Toward Logansport, Wabash and the Broader North-Central Indiana Region.
Minutes from Grissom Joint Air Reserve Base – Miami County's Largest Employer and Home to the 434th Air Refueling Wing, Generating Approximately $205 Million in Regional Economic Impact in Fiscal 2023.
In Close Proximity to Dukes Memorial Hospital – Critical-Access Hospital is a Major Local Employer, with Roughly 300 Reported Positions, Reinforcing Recurring Daytime Population, Healthcare-Related Traffic and Stable Year-Round Employment.
Nearby Miami County 4-H Fairgrounds Hosts the Annual County Fair and Year-Round Community Events, Drawing Families, Exhibitors, Vendors and Visitors for Livestock Shows, Concerts, Festivals and Competitions Throughout the Year. Strategic North-Central Indiana Position – Peru is Positioned Between the Employment Centers of Kokomo and Logansport, Providing Connectivity to Multiple Regional Labor Pools, Manufacturers and Institutional Demand Drivers.
Building Details
Building Size
9,100 SF
Listing Agency:
Marcus & Millichap | San Diego
Listed By:
Alvin Mansour · License #License(s): CA: 01391653, TX: 0606255
(858) 373-3184
Source:
Marcusmillichap
Added: Sep 19
Last Checked: Sep 19 at 2:57PM
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 Marcus & Millichap | San Diego
Investment Insights
Based on property information with market context.
This 9,100-square-foot retail property is identified as a 2026 all-wood prototype occupied by Dollar General. The transaction includes a 15-year absolute net lease with rent increases, providing a defined lease structure for the asset.
The property is located at 2948 W 400 N in Mexico, Indiana, near the U.S. 31 corridor and West 400 North. U.S. 24 provides additional east-west connectivity, while nearby employment and activity centers include Grissom Air Reserve Base, Grissom Aeroplex, Dukes Memorial Hospital, Miami Correctional Facility, Smithfield’s Peru operation, Ivy Tech’s Peru instructional site and the Miami County 4-H Fairgrounds. The surrounding regional context includes military, healthcare, manufacturing, government and logistics employment.
The property is located at 2948 W 400 N in Mexico, Indiana, near the U.S. 31 corridor and West 400 North. U.S. 24 provides additional east-west connectivity, while nearby employment and activity centers include Grissom Air Reserve Base, Grissom Aeroplex, Dukes Memorial Hospital, Miami Correctional Facility, Smithfield’s Peru operation, Ivy Tech’s Peru instructional site and the Miami County 4-H Fairgrounds. The surrounding regional context includes military, healthcare, manufacturing, government and logistics employment.
Key Highlights
- 9,100‑square‑foot retail property
- 2026 all‑wood prototype
- Dollar General retail occupancy
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 46970, IN
23,317
Population
10,177
Households
2.3
Avg Household Size
41
Median Age
16%
College-Educated
88%
High-School Grad
179.9 sq mi
ZIP Area
130
Density / Sq Mi
$56,722
Median Household Income
$34,895
Median Earnings
$822
Median Rent
$111,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Purpose-built retail property with a long-term absolute net lease and scheduled rent increases.
Where is this retail space located?
The property is located at 2948 W 400 N Peru, IN.
What is the asking price?
The asking price for this property is $1,977,265.
What are key features of this property?
This property features: 9,100‑square‑foot retail property; 2026 all‑wood prototype; Dollar General retail occupancy
