Absolute NNN Retail
For Sale
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315 State St, Glenwood, IN 46133
Single-tenant Dollar General location supported by an eight-year remaining lease term.
Property Size9,100 SF
Lot Size1.04 Acres
Price / SF$124.07
Days on Market183
Property Features for 315 State St
General Information
Standard status
Active
Size
9,100 SF
Lot size
1.04 Acres
Property subtype
Retail
Zoning
C
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$86,400
Additional Details
Traffic Count
5,514 vehicles/day
Building Details
Year Built
2019
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Commercial Investment Advisors (CIA) Scottsdale
Listed By:
Justin Zahn · License #SA545840000
Source:
Crexi
Added: Mar 2
Changed: Aug 31
Last Checked: Aug 31 at 4:49AM
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 Commercial Investment Advisors (CIA) Scottsdale
Investment Insights
Based on property information with market context.
This single-tenant retail property is occupied by Dollar General under an Absolute NNN lease with 8 years remaining. The 9,100-square-foot building was constructed in 2019 and sits on a ±1.036-acre parcel. Lease economics include 10% rental escalations every 5 years during renewal options.
The property is located at 315 State St in Glenwood, Indiana, along S Rd 44/W State St, the community’s primary east-west route. The site records traffic counts of 5,514 CPD and provides access from a visible position on the corridor. Zoning is C.
Dollar General Corporation is identified in the property information with an S&P BBB credit rating and Moody’s Baa3 rating. The store is described as the only Dollar General within a 1-mile radius and the only daily-needs grocer within a 7-mile radius. Glenwood is approximately 53 miles east of Indianapolis, 66 miles northwest of Cincinnati, 66 miles east of Dayton, and 120 miles north of Louisville.
The property is located at 315 State St in Glenwood, Indiana, along S Rd 44/W State St, the community’s primary east-west route. The site records traffic counts of 5,514 CPD and provides access from a visible position on the corridor. Zoning is C.
Dollar General Corporation is identified in the property information with an S&P BBB credit rating and Moody’s Baa3 rating. The store is described as the only Dollar General within a 1-mile radius and the only daily-needs grocer within a 7-mile radius. Glenwood is approximately 53 miles east of Indianapolis, 66 miles northwest of Cincinnati, 66 miles east of Dayton, and 120 miles north of Louisville.
Key Highlights
- Absolute NNN lease with 8 years remaining
- 10% rental escalations every 5 years during renewal options
- 9,100‑square‑foot building constructed in 2019
Property Analytics
Property Profile
Current Use
Lease Details
5,514 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 46133, IN
794
Population
458
Households
1.7
Avg Household Size
45
Median Age
8%
College-Educated
85%
High-School Grad
26.1 sq mi
ZIP Area
30
Density / Sq Mi
$57,629
Median Household Income
$30,313
Median Earnings
$1,110
Median Rent
$124,700
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?
NNN property - Single-tenant Dollar General location supported by an eight-year remaining lease term.
Where is this nnn property located?
The property is located at 315 State St Glenwood, IN.
What is the asking price?
The asking price for this property is $1,129,000.
What are key features of this property?
This property features: Absolute NNN lease with 8 years remaining; 10% rental escalations every 5 years during renewal options; 9,100‑square‑foot building constructed in 2019
