NNN Leased Dollar General
For Sale
$825,000
421 Jefferson St, Covington, IN 47932
Long-term NNN leased Dollar General in downtown Covington, Indiana.
Property Size8,078 SF
Price / SF$102.13
Days on Market712
Property Features for 421 Jefferson St
General Information
Standard status
Active
Size
8,078 SF
Property subtype
Retail
Zoning
Commercial
Amenities
Water
Sewer
Natural Gas
Building Details
Year Built
1999
Listing Agency:
SVN | Investment Property Advisors
Listed By:
David DeMaagd
(616) 566-5790
Source:
Carwm.resimplifi
Added: Oct 15, 2024
Changed: Sep 9
Last Checked: Sep 26 at 3:49AM
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 SVN | Investment Property Advisors
Investment Insights
Based on property information with market context.
This NNN leased Dollar General property is located in downtown Covington, Indiana, near the Illinois state line. The property has 4 years of lease term remaining. The location benefits from solid customer traffic, with no other dollar stores located within several miles. Strong Placer AI traffic indicates strong sales. Situated near various amenities, the property is just 2 blocks from US Hwy 136, which traverses the city. Covington is the seat of Fountain County, and the Dollar General is located 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 also under 2 miles from the Interstate 74 interchange, which connects all of the above locations, and two blocks from US Hwy 136 near retail, including grocery stores, banks, restaurants, offices, and the Fountain County courthouse. The property is in a downtown neighborhood with walk traffic. The tenant is a Fortune 150 Investment Grade Tenant with a Corporate Guarantee and a Strong BBB Credit Rating.
Key Highlights
- Long‑term NN leased Dollar General with 4 years remaining.
- Fortune 150 Investment Grade Tenant with a Corporate Guarantee and Strong BBB Credit Rating.
- Strong Placer AI traffic indicating strong sales.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
48k
Monthly Visits Nearby
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
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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 - Long-term NNN leased Dollar General in downtown Covington, Indiana.
Where is this nnn 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: Long‑term NN leased Dollar General with 4 years remaining.; Fortune 150 Investment Grade Tenant with a Corporate Guarantee and Strong BBB Credit Rating.; Strong Placer AI traffic indicating strong sales.
