24Qh+2Pg Crawfordsville Indiana, Crawfordsville, IN 47933
- Retail properties & Spaces
- 10,566 SF
- 2.21 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 24Qh+2Pg Crawfordsville Indiana
- Year built
- 2024
- Lot size
- 2.21 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Crawfordsville
- County
- Montgomery
- State
- Indiana
- Longitude
- -86.8707
- Latitude
- 40.0376
