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    Covington, IN NNN Properties for Sale

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    Williamsport, IN Veedersburg, IN Danville, IL
    NNN Leased Dollar General Store
    $825,000
    8,000 SF
    NNN Leased Dollar General Store

    421 Jefferson St, Covington, IN 47932

    Long-term NNN leased Dollar General in downtown Covington, Indiana.
    • 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
    Updated: Nov 21, 2025
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    NNN Leased Dollar General Store
    $825,000
    8,000 SF
    NNN Leased Dollar General Store

    421 Jefferson St, Covington, IN 47932

    Long-term NNN leased Dollar General in downtown Covington, Indiana.
    • 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.
    Updated: May 4, 2024
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    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.

    New Corporate Ground Lease Opportunity
    $5,239,000
    5,915 SF
    New Corporate Ground Lease Opportunity

    20-year corporate ground lease in growing Indianapolis suburb.

    60 E Garner Rd, Brownsburg, IN

    View details
    New Construction NNN Ground Lease
    $1,538,462
    510 SF
    New Construction NNN Ground Lease

    New 2024 construction with a long-term 15-year ground lease.

    1703 W Springfield Ave, Champaign, IL

    View details
    NNN Retail Property For Sale
    $4,089,232
    2,349 SF
    NNN Retail Property For Sale

    NNN retail property with redevelopment potential in a retail corridor.

    850 N Green St, Brownsburg, IN 46112

    View details
    Take 5 Champaign Investment Opportunity
    $2,029,230
    1,372 SF
    Take 5 Champaign Investment Opportunity

    1,372 SF Take 5 property for sale in Champaign, IL.

    1701 West Springfield Avenue, Champaign, IL 61821

    View details

    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 16,000 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 start at $825,000, averaging $825,000, and reaching up to $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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