901 W Broadway St Princeton, IN 47670

Listing agency SRS Real Estate Partners McLean a***@srsre.com Show Phone

Listed by Andrew Fallon · License #PA RSR006585

Source Crexi

Added: Apr 11 Updated: Jul 21 at 3:46PM Checked: Jul 21 at 3:46PM

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Investment Insights

Based on property information with market context.

This sale features a brand new Dollar General retail property backed by a corporate guaranteed, absolute NNN lease structure. The lease term is 15 years, with five (5-year) options to extend, reflecting a long-term commitment to the site. Scheduled rental increases are built into the agreement, including 10% rental increases at the beginning of each option. Under the absolute NNN terms, the tenant is responsible for CAM, taxes, insurance, and maintaining all aspects of the premises, with zero landlord responsibilities.

The property is identified as being off US Highway 41, where Dollar General is noted as approximately 1 mile from the highway. The offering highlights strong visibility supported by significant street frontage and easy access, with the surrounding area described as including several national and credit tenants.

The investment is structured as fee simple ownership of an absolute NNN asset with a corporate guaranteed tenant.

Key Highlights

• 15‑year lease with corporate guarantee by Dollar General, Corp. (S&P: BBB), plus 5 (5‑year) options to extend
• Absolute NNN structure: tenant pays CAM, taxes, and insurance and maintains the premises with zero landlord responsibilities
• Lease includes 10% rental increases at the beginning of each option period

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FAQs

What type of property is this?

NNN property - Brand new Dollar General property with a corporate-guaranteed 15-year absolute NNN lease and multiple options to extend.

Where is this nnn property located?

The property is located at 901 W Broadway St Princeton, IN.

What are key features of this property?

This property features: 15‑year lease with corporate guarantee by Dollar General, Corp. (S&P: BBB), plus 5 (5‑year) options to extend; Absolute NNN structure: tenant pays CAM, taxes, and insurance and maintains the premises with zero landlord responsibilities; Lease includes 10% rental increases at the beginning of each option period