Dollar General NNN
9269 West Taft Street Merrillville, IN 46410
9269 West Taft Street, Merrillville, IN, 46410
Contact for pricing
For Sale
Contact for pricing
For sale NN Dollar General investment with a specialty NNN structure and corporate-backed tenant in Merrillville, Indiana.
Property Size9,014 SF
Price / SF$113.21
Days on Market21
Property Features for 9269 West Taft Street
General Information
- Standard status
- Active
- Size
- 9,014 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing agency
Exclusive Realty
(248) 833-6601
Listed by
Steve Sagmani · License #MI 6502426558
Source
Crexi
Added: Jul 1 Updated: Jul 20 at 6:21PM Checked: Jul 20 at 6:21PM
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 Exclusive Realty
Investment Insights
Based on property information with market context.
Exclusive Realty presents an NN Dollar General investment opportunity for sale at 9269 West Taft Street in Merrillville, Indiana. This is an NN lease structure with a passive ownership profile designed to reduce landlord responsibilities while benefiting from Dollar General’s corporate backing and operating history. The asset is positioned as a necessity-based retail offering, supporting everyday needs such as groceries, household goods, health and beauty items, and seasonal merchandise.
Merrillville is described as a well-established retail and residential hub in Lake County within the northwest Indiana corridor, with strong regional connectivity provided by Interstates 65 and 80/94 and access to the greater Chicago metropolitan area. The surrounding area is characterized in the remarks as having a dense population base, significant daily traffic counts, and a robust mix of national retailers, healthcare providers, restaurants, and residential neighborhoods.
As an NNN investment, the property is presented for investors seeking long-term exposure to an essential retail tenant within an infill suburban setting near major transportation corridors.
Merrillville is described as a well-established retail and residential hub in Lake County within the northwest Indiana corridor, with strong regional connectivity provided by Interstates 65 and 80/94 and access to the greater Chicago metropolitan area. The surrounding area is characterized in the remarks as having a dense population base, significant daily traffic counts, and a robust mix of national retailers, healthcare providers, restaurants, and residential neighborhoods.
As an NNN investment, the property is presented for investors seeking long-term exposure to an essential retail tenant within an infill suburban setting near major transportation corridors.
Key Highlights
- Dollar General NN investment property in Merrillville, Indiana
- Year built: 2006
- NN specialty NNN lease structure
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.8k | $14.40 |
| − Vacancy | −$5.7k | −$0.63 |
| EGI | $124.1k | $13.77 |
| − OpEx | −$37.2k | −$4.13 |
| NOI | $86.9k | $9.64 |
9,014 SF · lease $14.40/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.52M
$2.20M – $2.94M
NOI $176,145 @ 7.0% cap · market cap 17.26%
Second Best
Retail
$1.24M
$1.09M – $1.45M
NOI $86,863 @ 7.0% cap · market cap 8.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Western Union
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - For sale NN Dollar General investment with a specialty NNN structure and corporate-backed tenant in Merrillville, Indiana.
Where is this nnn property located?
The property is located at 9269 West Taft Street Merrillville, IN.
What is the asking price?
The asking price for this property is $1,020,450.
What are key features of this property?
This property features: Dollar General NN investment property in Merrillville, Indiana; Year built: 2006; NN specialty NNN lease structure
