Leased Convenience Retail
9620 N Us Highway 31 Columbus, IN 47201
9620 N Us Highway 31, Columbus, IN, 47201
$1,012,000
For Sale
$1,012,000
Single-tenant retail building leased to Dollar General under a NNN structure with ample parking.
Property Size9,100 SF
Price / SF$111.21
Days on Market107
Property Features for 9620 N Us Highway 31
General Information
- Standard status
- Active
- Size
- 9,100 SF
Listing agency
Realest.com
(219) 293-1657
Listed by
Joshua Austgen
(219) 293-1657
Source
Exprealty
Added: Apr 6 Updated: Jul 21 at 10:55AM Checked: Jul 21 at 10:55AM
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Investment Insights
Based on property information with market context.
This fully leased, single-tenant retail property is structured as a NNN lease. The building is occupied by Dollar General, a nationally recognized retailer, and the tenant has been operating at the location since 2007. The current lease includes a newly executed five-year extension, providing continued long-term occupancy.
The property is located on US Highway 31 in Columbus, Indiana, a highly traveled corridor with strong traffic counts and easy access. Ample parking supports customer access for the retail use.
As an NNN investment, the landlord responsibilities are designed to be minimal, aligning with a passive cash-flow profile tied to an established national tenant.
The property is located on US Highway 31 in Columbus, Indiana, a highly traveled corridor with strong traffic counts and easy access. Ample parking supports customer access for the retail use.
As an NNN investment, the landlord responsibilities are designed to be minimal, aligning with a passive cash-flow profile tied to an established national tenant.
Key Highlights
- Single‑tenant retail building leased to Dollar General under a NNN structure.
- Dollar General has operated at the location since 2007.
- New five‑year lease extension completed for Dollar General.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.8k | $10.20 |
| − Vacancy | −$9.7k | −$1.07 |
| EGI | $83.1k | $9.13 |
| − OpEx | −$24.9k | −$2.74 |
| NOI | $58.2k | $6.39 |
9,100 SF · lease $10.20/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,690 @ 7.0% cap · market cap 11.63%
Second Best
Retail
$830.7K
$726.9K – $969.2K
NOI $58,152 @ 7.0% cap · market cap 5.75%
Theoretical Best
Healthcare Medical
$1.76M
$1.54M – $2.05M
NOI $123,145 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Single-tenant retail building leased to Dollar General under a NNN structure with ample parking.
Where is this nnn property located?
The property is located at 9620 N Us Highway 31 Columbus, IN.
What is the asking price?
The asking price for this property is $1,012,000.
What are key features of this property?
This property features: Single‑tenant retail building leased to Dollar General under a NNN structure.; Dollar General has operated at the location since 2007.; New five‑year lease extension completed for Dollar General.
