Listing Agency: Marcus & Millichap - San Diego

Listed By: Alvin Mansour · License #TX 0606255 Show Phone

Source: Crexi

Added: Sep 14 Changed: Sep 16 Last Checked: Sep 18 at 5:40AM

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Investment Insights

Based on property information with market context.

This NNN property is associated with Dollar General and features a 15-year absolute net lease with rent increases. The offering is located at 2948 West 400 North in Peru, Indiana 46970.

Key Highlights

• Dollar General property
• 15‑year absolute net lease
• Rent increases included

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Kitchen & Bath Showroom Skin Care Clinic (Bike/Boat/Book/etc) Store Garden Center Daycare Center Auto Parts Store

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

Location Intelligence

Trade Area within ½ mile

514

Businesses Nearby

17k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 80% Home Improvements & Furnishings 20%

Mobil Shops & Services

5,143 visits/mo 0.4 miles

Arnie's Ace Hardware Home Improvements & Furnishings

3,082 visits/mo 0.3 miles

Farmers Bank Shops & Services

3,060 visits/mo 0.2 miles

PNC Bank Shops & Services

2,569 visits/mo 0.3 miles

Marathon Petroleum Shops & Services

1,959 visits/mo 0.2 miles

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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

NNN property - The offering includes a 15-year absolute net lease with rent increases.

Where is this nnn property located?

The property is located at 2948 West 400 North 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: Dollar General property; 15‑year absolute net lease; Rent increases included