3560 In-8 Auburn, IN 46706
- Retail properties
- 10,640 SF
- 2.87 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3560 In-8
- Year built
- 2025
- Lot size
- 2.87 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General store in Auburn, Indiana. Located at 3560 IN-8, this single-tenant property boasts a fee-simple ownership structure and a 15.3-year remaining lease term commencing February 1, 2025, and expiring February 29, 2040. The lease features a corporate guarantee from Dollar General (NYSE: DG), a Fortune 500 company, ensuring strong tenant creditworthiness. The property benefits from a strategic corner location with excellent visibility and accessibility, situated near major roadways and significant community anchors including Parkview DeKalb Hospital and James R. Watson Elementary School. The area also features numerous national retailers, further enhancing the property's desirability. The absolute NNN lease structure minimizes landlord responsibilities, while the built-in 5% rent increases every five years, along with five, five-year lease options, provide substantial long-term growth potential. The property's asking price is $2,361,000, representing a compelling cap rate of 6.65% and a price per square foot of $221.90. The current Net Operating Income (NOI) stands at $156,999. The 2.87-acre lot is zoned commercial and the building was constructed in 2025. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- DeKalb
- State
- Indiana
- Longitude
- -85.0236
- Latitude
- 41.3678
