Absolute NNN Retail
915 Jonesville Rd, Columbus, IN 47201
For Sale
Contact for pricing
Pending
Newly completed retail space is leased under an absolute NNN structure with a corporate tenant guarantee.
Property Size10,640 SF
Days on Market99
Property Features for 915 Jonesville Rd
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Site & Location
Corner Location
Traffic Count
Additional Details
Cap Rate
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Fortis Net Lease
Listed By:
Bryan Bender · License MI #6501319610
(734) 755-6359
Source:
Crexi
Added: Aug 3
Changed: Nov 7
Last Checked: Nov 8 at 6:40AM
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 Fortis Net Lease
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Investment Insights
Based on property information with market context.
Completed in 2026, this 10,640 SF Dollar General Plus store is a newly constructed retail property in Columbus, Indiana. The location opened for business in February 2026 and carries Commercial zoning. The lease is structured as a 15-year absolute NNN agreement, placing no landlord responsibilities on the owner. Rental increases of 5% occur every 5 years, including throughout five additional 5-year renewal options.
Dollar General Corporation provides the corporate guarantee and holds a BBB credit rating, identified in the source information as investment grade. The store occupies the corner of Garden Street and Jonesville Road, with reported traffic of 14,239 cars per day. It is situated just off W Jonathan Moore Pike, 1 mile from Tony Stewart Speedway, across from a mobile home community, and among surrounding homes.
Dollar General Corporation provides the corporate guarantee and holds a BBB credit rating, identified in the source information as investment grade. The store occupies the corner of Garden Street and Jonesville Road, with reported traffic of 14,239 cars per day. It is situated just off W Jonathan Moore Pike, 1 mile from Tony Stewart Speedway, across from a mobile home community, and among surrounding homes.
Key Highlights
- 10,640 SF Dollar General Plus store completed in 2026
- 15‑year absolute NNN lease with zero landlord responsibilities
- 5% rental increases every 5 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,607
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,752,140
$2.8M
Cap Rate 7%
$1,965,814
$2.0M
Cap Rate 9%
$1,528,967
$1.5M
Market Conditions
NOI Build-Up for 10,640 SF
Gross rent
$191.5K $18.00/SF
− Vacancy
−$8.0K −$0.76/SF
EGI
$183.5K $17.24/SF
− OpEx
−$45.9K −$4.31/SF
NOI
$137.6K $12.93/SF
Area
Bartholomew County, IN
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,752,140
Cap Rate 7%
$1,965,814
Cap Rate 9%
$1,528,967
Alternative Uses
Best Use
Specialty Retail
$1.97M
$1.72M – $2.29M
NOI $137,607 @ 7.0% cap · market cap 5.85%
Second Best
Retail
$971.3K
$849.9K – $1.13M
NOI $67,993 @ 7.0% cap · market cap 2.89%
Theoretical Best
Healthcare Medical
$2.06M
$1.80M – $2.40M
NOI $143,985 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
14,239 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
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Business Placement
Demographics for 47201, IN
45,969
Population
20,924
Households
2.2
Avg Household Size
36
Median Age
36%
College-Educated
92%
High-School Grad
201.2 sq mi
ZIP Area
228
Density / Sq Mi
$82,667
Median Household Income
$46,243
Median Earnings
$1,159
Median Rent
$217,600
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - Newly completed retail space is leased under an absolute NNN structure with a corporate tenant guarantee.
Where is this nnn property located?
The property is located at 915 Jonesville Rd Columbus, IN.
What is the asking price?
The asking price for this property is $2,351,947.
What are key features of this property?
This property features: 10,640 SF Dollar General Plus store completed in 2026; 15‑year absolute NNN lease with zero landlord responsibilities; 5% rental increases every 5 years
