421 Jefferson St, Covington, IN 47932

Building Details

Year Built

1999

Listing agent David De Maagd License #MI 6504380495

Listing office SVN | Investment Property Advisors

Listing date May 4, 2024

Source Crexi

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

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Overview

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.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Covington

County

Fountain

State

Indiana

Longitude

-87.396

Latitude

40.138832

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FAQs

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.