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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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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 5 Potential Opportunities for your consideration. Besides 1 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 PNC Bank For Sale
New PNC Bank For Sale

309 N Washington St, Crawfordsville, IN 47933

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3,000 sqft

Brand-new PNC Bank with a 15-year absolute NNN lease.

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Retail Building with Two Tenants
Retail Building with Two Tenants

3546 N Vermilion St, Danville, IL 61832

Contact for pricing
3,520 sqft 0.83 AC lot

Single-tenant-occupied retail building leased to Verizon and Sport Clips under triple net arrangements.

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CVS Drug Store Triple-Net
CVS Drug Store Triple-Net

820 N Vermilion St, Danville, IL 61832

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Single-tenant CVS Pharmacy on an extended absolute NNN lease with scheduled rent increases.

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Triple-Net Restaurant Portfolio
Triple-Net Restaurant Portfolio

1516 S Washington Street, Crawfordsville, IN 47933

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Three absolute triple-net restaurant properties in a portfolio, offered individually or together with zero landlord responsibilities.

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Covington, IN Nnn Properties Market Trends and Statistics

Explore 1 nnn properties for sale in Covington, IN on our real estate platform. These investment opportunities span a total of 8,000 square feet of properties for sale, with an estimated market value of $825,000.

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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