101 N State St, Lizton, IN 46149

Building Details

Year Built

2011

Listing agent Eric Hillenbrand, CCIM, CLS License #IN RB14037337

Listing office SEPG ASSOCIATES

Listing date Mar 12, 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 SEPG ASSOCIATES

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Overview

This 9,504 SF Dollar General store is located in Lizton, Indiana, part of the Indianapolis MSA. Constructed and opened in 2011, the property was originally leased on a 15-year NNN basis, assigning zero landlord responsibilities. The lease, corporately guaranteed by Dollar General Corporation (rated BBB, investment grade), includes 5% rent increases every 5 years, including at each of the five 5-year renewal options. The current rent is $80,442.58, with a 10% increase scheduled in just under 3 years, and another 10% increase for each 5-year option.

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Skin Care Clinic Hotel & Motel Grocery & Convenience Store

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

Location Insight

• Map
• Local Demand

City

Lizton

County

Hendricks

State

Indiana

Longitude

-86.543292

Latitude

39.882706

FAQs

What type of property is this?

Grocery and convenience store - 9,504 SF Dollar General store in Indianapolis MSA.

Where is this grocery and convenience store located?

The property is located at 101 N 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: Corporately guaranteed lease by Dollar General Corporation (BBB Investment Grade).; NNN lease structure with zero landlord responsibilities.; Rent increases of 5% every 5 years, including option periods.