Dollar General NNN
For Sale
$1,020,450
9269 West Taft Street, Merrillville, IN 46410
For sale NN Dollar General investment with a specialty NNN structure and corporate-backed tenant in Merrillville, Indiana.
Property Size9,014 SF
Days on Market109
Property Features for 9269 West Taft Street
General Information
Standard status
Active
Size
9,014 SF
Property subtype
Retail - Street Retail
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Building Size
9,014 SF
Year Built
2006
Tenancy
Single
Listing Agency:
Exclusive Realty
Listed By:
Steve Sagmani · License #6502426558
(248) 833-6601
Source:
Commercialcafe
Added: Jul 3
Changed: Oct 13
Last Checked: Oct 19 at 4:14AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,863
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,737,260
$1.7M
Cap Rate 7%
$1,240,900
$1.2M
Cap Rate 9%
$965,144
$965.1K
Market Conditions
NOI Build-Up for 9,014 SF
Gross rent
$129.8K $14.40/SF
− Vacancy
−$5.7K −$0.63/SF
EGI
$124.1K $13.77/SF
− OpEx
−$37.2K −$4.13/SF
NOI
$86.9K $9.64/SF
Area
Lake County, IN
Vacancy
4.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,737,260
Cap Rate 7%
$1,240,900
Cap Rate 9%
$965,144
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 authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 64%
Shops & Services 36%
Goodwill
Apparel
9,095 visits/mo
0.1 miles
Dollar General
Shops & Services
5,072 visits/mo
0.1 miles
Demographics for 46410, IN
39,471
Population
17,685
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
93%
High-School Grad
30.1 sq mi
ZIP Area
1,311
Density / Sq Mi
$61,735
Median Household Income
$42,235
Median Earnings
$1,267
Median Rent
$192,100
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 - 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
