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    101 State St Lizton, IN 46149

    For Sale
    $1,185,000

    NNN Retail Property, High ROI

    Property size:
    9,026 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This fee-simple retail property offers a compelling investment opportunity. Located at 101 N State St, Lizton, IN 46149, this 9,026 square foot Dollar General store sits on a 1.37-acre lot in Hendricks County, a rapidly growing area within the Indianapolis MSA. Built in 2011, the property boasts a 100% occupancy rate with a NNN lease in place, expiring June 29, 2026, leaving zero landlord responsibilities. The current annual rent is $80,442.58, with a 10% increase scheduled in approximately three years, and further 10% increases at each five-year renewal option. The lease is corporately guaranteed by Dollar General Corporation, holding an investment-grade credit rating of BBB. The property's strong performance is further supported by a 6.80% cap rate. This prime location at a main intersection in Lizton, Indiana, combined with the long-term lease and built-in rent escalations, presents a stable and appreciating asset with significant potential for future growth. The lease commenced June 30, 2012, and offers a remaining term of three years. This is a rare opportunity to acquire a well-performing, low-maintenance retail investment in a high-growth market. Place AI ranks this as the best Dollar General location in Hendricks County and in the top 70% in Indiana. Asking price is $1,185,000.

    Property Features for 101 State St

    General Information

    Property type
    Retail properties
    Square Feet
    9,026 SF
    Lot Size
    59,677 SF

    Building Details

    Year Built
    2011

    HighLights

    • Fee‑simple Dollar General retail property, 9,026 SF, on a 1.37‑acre lot at 101 N State St, Lizton, IN 46149.
    • 2011 construction, located at a main intersection in Lizton.
    • Situated in Hendricks County, a rapidly growing area within the Indianapolis MSA.
    • Top‑performing Dollar General location (Place AI ranking: best in Hendricks County, top 70% in Indiana).
    • NNN lease with Dollar General Corporation (investment‑grade credit rating), expiring 6/30/26, with 10% rent increases every five years; current annual rent: $80,442.58.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Western Union Money Transfer Service FedEx OnSite Mailing Service

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Skin Care Clinic Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lizton
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.5417637
    Latitude
    39.8838264

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    FAQs

    What type of property is this?
    Retail property - NNN Retail Property, High ROI
    Where is this retail property located?
    The property is located at 101 State St Lizton, IN.
    What is the asking price?
    The asking price for this property is $1,185,000.
    What are key features of this property?
    This property features: Fee-simple Dollar General retail property, 9,026 SF, on a 1.37-acre lot at 101 N State St, Lizton, IN 46149.; 2011 construction, located at a main intersection in Lizton.; Situated in Hendricks County, a rapidly growing area within the Indianapolis MSA.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 State St Lizton, IN 46149
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