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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 24Qh+2Pg Crawfordsville Indiana Crawfordsville, IN 47933

10,566 SF 2.21 ac lot Built 2024
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a brand-new, 10,566-square-foot Dollar General store in Crawfordsville, Indiana. Located on a hard corner at Cloverdale Drive and Highway 136, this property boasts high visibility with 12,118 cars passing daily. The 15-year absolute NNN lease, commencing November 24, 2024, and expiring November 30, 2039, includes five 5-year renewal options, each with a 5% rent increase. The lease is corporately guaranteed by Dollar General Corporation, holding an investment-grade "BBB" credit rating, ensuring minimal landlord responsibilities. The property sits on a 2.21-acre lot and offers 36 parking spaces. Built in 2024, this single-story building features a permitted commercial zoning. The strong demographics further enhance this investment, with a five-mile population of 23,674 and a three-mile average household income of $64,663. The asking price of $2,031,109 reflects a 6.70% cap rate based on a net operating income (NOI) of $136,084. This is an ideal opportunity for a 1031 exchange or passive investor seeking a secure, high-return investment in a nationally recognized brand. The property's strong location, long-term lease, and built-in rent increases provide a stable and predictable income stream.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2024
Total area 10,566 SF
Lot 2.21 ac (96,268 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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