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    105 Division St Remington, IN 47977

    For Sale
    $1,412,400

    High-yield retail investment. Strong tenant.

    Property size:
    8,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a freestanding Dollar General Plus store, number 13100, located at 105 W Division St, Remington, IN 47977. The property boasts 8,840 square feet on a 0.45-acre lot and is situated in a prime location near a popular Interstate 65 exit, conveniently positioned between Indianapolis and Chicago. The single-tenant, 100% occupied property operates under a Net Net Net (NNN) lease with a remaining term of 10 years, commencing January 31, 2012. The lease includes three, five-year options with a 10% rental increase in each. The current annual net operating income (NOI) is $84,744, representing a 6.00% capitalization rate on the asking price of $1,412,400. This Dollar General Plus store is larger than a traditional location, featuring expanded cooler/freezer capacity for increased perishable inventory. The strong demographics within a 5-mile radius, boasting an average household income of $73,026, further enhance the investment's appeal. The corporate-guaranteed lease ensures minimal landlord responsibilities, making this a low-maintenance, high-return investment. The property is a one-story building. Dollar General Corporation holds a "BBB" rating from S&P. This location represents a relocation and expansion of an existing store, demonstrating the company's commitment to the Remington community. The property is approximately a 90-minute drive from Chicago.

    Property Features for 105 Division St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,840 SF
    Lot Size
    19,602 SF

    Building Details

    Stories
    1

    HighLights

    • Dollar General Store #13100.
    • Dollar General Corporation rated "BBB" by S&P.
    • Absolute NNN 15‑year lease.
    • Corporate‑guaranteed lease; no landlord responsibilities.
    • 10% rental increases in each of three, 5‑year options.
    • Strong demographics: $73,026 average household income within a 5‑mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Remington
    County
    Jasper
    State
    Indiana
    Longitude
    -87.1528084
    Latitude
    40.7654712

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    FAQs

    What type of property is this?
    Individual retail property - High-yield retail investment. Strong tenant.
    Where is this individual retail property located?
    The property is located at 105 Division St Remington, IN.
    What is the asking price?
    The asking price for this property is $1,412,400.
    What are key features of this property?
    This property features: Dollar General Store #13100.; Dollar General Corporation rated "BBB" by S&P.; Absolute NNN 15-year lease.
    Request Owner's contact information
    105 Division St Remington, IN 47977
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    Remington, IN 47977
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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
    105 Division St Remington, IN 47977
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