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Covington, IN NNN Properties for Sale

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NNN Leased Dollar General Store
Updated: Nov 21, 2025
NNN Leased Dollar General Store

421 Jefferson St, Covington, IN 47932

$825,000
8,000 sqft
Fortune 150 Investment Grade Tenant (Dollar General)
Corporate Guarantee with Strong BBB Credit Rating
High Placer AI Traffic indicating strong sales
3+ Years of Lease Term Remaining
Center City Location with high walk traffic and proximity to retail, banks, and government buildings
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NNN Leased Dollar General Store
Updated: Oct 15, 2024
NNN Leased Dollar General Store

421 Jefferson St, Covington, IN 47932

$825,000
8,078 sqft
Long‑term NN leased Dollar General with 4 years remaining.
Fortune 150 Investment Grade Tenant with a Corporate Guarantee and Strong BBB Credit Rating.
Strong Placer AI traffic indicating strong sales.
Located in downtown Covington, the seat of Fountain County, Indiana.
High‑traffic location near US Hwy 136, retail, grocery, banks, restaurants, offices, and the Fountain County courthouse.
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Covington, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Circle K Convenience Store Ground Lease
Circle K Convenience Store Ground Lease

860 Twyckenham Boulevard, Lafayette, IN 47909

Contact for pricing
5,200 sqft

Absolute NNN ground lease to Mac’s Convenience Stores LLC at a signalized hard corner in a residential corridor.

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Dutch Bros NNN Property
Dutch Bros NNN Property

1813 North Neil Street, Champaign, IL 61820

Contact for pricing
986 sqft 0.56 AC lot

The property is subject to a brand-new 15-year NNN lease.

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Heartland Dental Medical Office
Heartland Dental Medical Office

1905 Convenience Place, Champaign, IL 61820

Contact for pricing
3,829 sqft

Purpose-built dental facility with a corporate-guaranteed NN lease and scheduled annual rent increases.

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Home Depot NNN Ground Lease
Home Depot NNN Ground Lease

311 Sagamore Parkway North, Lafayette, IN 47904

Contact for pricing

Corporate NNN ground lease property located 8 minutes from Purdue University.

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Covington, IN Nnn Properties Market Trends and Statistics

Explore 2 nnn properties for sale in Covington, IN on our real estate platform. These investment opportunities span a total of 16,078 square feet of properties for sale, with an estimated market value of $1,650,000.

Sale prices for triple net lease properties in Covington, IN average $825,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 5,193
Population Growth (5Y) +3.8%
Median Household Income $59,365
College Educated 28.6%

High-Yield Neighborhoods for Investment

Identify Covington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
47932 $825K

Taxes & Financing

Tax Rate (average for all types) 1.89%
Property Tax per SF $29.09 per SF
Tax Rate vs County Average 0.18 pp below county avg
Average Loan-to-Value 65.0%

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