2570 New Middletown Elizabeth Rd New Middletown, IN 47160
Sponsored
High-Yield NNN Lease, Indiana
Property size:
10,640 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 393
Property Features for 2570 New Middletown Elizabeth Rd
General Information
- Property type
- Individual retail properties
- Square Feet
- 10,640 SF
- Lot Size
- 54,450 SF
Building Details
- Year Built
- 2023
- Buildings
- 1
- Stories
- 1
- Units
- 1
HighLights
- Fee simple ownership of a Dollar General, NNN‑leased with corporate guarantee. New 15‑year lease includes five 5‑year options with 10% annual rent increases.
- Prime location on New Middletown Elizabeth Road in New Middletown, IN, with limited competition.
- Strong demographics: 8,000+ residents and 1,600+ daytime employees within a 5‑mile radius, with average household incomes exceeding $90,000.
- 10,640 square foot building on a 1.25‑acre lot, built in 2023.
- $1,578,000 asking price, 6.75% cap rate, $106,522 annual NOI.
Property Profile
Location Intelligence
Current Use by Public Records
Dollar General
Dollar Store
Location Insight
- Map
- Local Demand
- City
- New Middletown
- County
- Harrison
- State
- Indiana
- Longitude
- -86.0502717
- Latitude
- 38.1622615
Nearby Comparable
FAQs
What type of property is this?
Individual retail property - High-Yield NNN Lease, Indiana
Where is this individual retail property located?
The property is located at 2570 New Middletown Elizabeth Rd New Middletown, IN.
What is the asking price?
The asking price for this property is $1,578,000.
What are key features of this property?
This property features: Fee simple ownership of a Dollar General, NNN-leased with corporate guarantee. New 15-year lease includes five 5-year options with 10% annual rent increases.; Prime location on New Middletown Elizabeth Road in New Middletown, IN, with limited competition.; Strong demographics: 8,000+ residents and 1,600+ daytime employees within a 5-mile radius, with average household incomes exceeding $90,000.
