Building Details

Building Size 8,000 SF

Year Built 1999

Listing Agency: SVN | Parke Group Fort Wayne d***@svn.com Show Phone

Listed By: David De Maagd, CPA, MBA · License #RB14025581 Show Phone

Source: Svn

Added: Nov 21, 2025 Changed: Aug 8 Last Checked: Aug 20 at 5:02AM

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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 SVN | Parke Group Fort Wayne

Investment Insights

Based on property information with market context.

This NNN leased Dollar General is located in downtown Covington, Indiana, near the Illinois state line. The property has over 3 years of lease term remaining. It benefits from solid customer traffic, with high Placer AI results indicating strong sales. The store is situated near various amenities and is just two blocks from US Hwy 136. Covington serves as the seat of Fountain County. The Dollar General is 80 miles west of Indianapolis, 8 miles west of Veedersburg, IN, 13 miles east of Danville, IL, and 47 miles east of Champaign, IL. It is located less than 2 miles from the Interstate 74 interchange and two blocks from US Hwy 136, near grocery stores, banks, restaurants, offices, and the Fountain County courthouse, in a downtown neighborhood with significant walk traffic. The tenant is a Fortune 150 investment-grade company with a strong BBB credit rating. The property size is 8,000 square feet.

Key Highlights

• Fortune 150 Investment Grade Tenant (Dollar General)
• Corporate Guarantee with Strong BBB Credit Rating
• High Placer AI Traffic indicating strong sales

Property Analytics

Property Profile

Current Use

Dollar General Discount Store FedEx OnSite Postal Service Western Union Bank

Suggested Use

Top Pick Dental Office Building Supply (Bike/Boat/Book/etc) Store Garden Center Storage Facility HVAC Service

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

262

Businesses Nearby

48k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 48% Dining 27% Groceries 25%

County Market Groceries

11,949 visits/mo 0.2 miles

McDonald's Dining

11,508 visits/mo 0.3 miles

Casey's General Store Shops & Services

9,887 visits/mo 0.3 miles

Dollar General Shops & Services

6,485 visits/mo 0.0 miles

Valero Energy Shops & Services

3,760 visits/mo 0.5 miles

Demographics for 47932, IN

5,271

Population

2,502

Households

2.1

Avg Household Size

46

Median Age

22%

College-Educated

94%

High-School Grad

106.3 sq mi

ZIP Area

50

Density / Sq Mi

$59,365

Median Household Income

$40,371

Median Earnings

$835

Median Rent

$171,600

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 storefront 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?

Storefront property - Long-term NNN leased Dollar General in downtown Covington, Indiana.

Where is this storefront property located?

The property is located at 421 Jefferson St Covington, IN.

What is the asking price?

The asking price for this property is $825,000.

What are key features of this property?

This property features: Fortune 150 Investment Grade Tenant (Dollar General); Corporate Guarantee with Strong BBB Credit Rating; High Placer AI Traffic indicating strong sales