17604 Wayne St Zanesville, IN 46799

This exceptional investment opportunity presents a 7,545 square foot Dollar General store located at 17604 Wayne St, Zanesville, IN 46799, within the Fort Wayne MSA. The property sits on a 1.96-acre lot and boasts a 15-year NNN lease with 9.2 years remaining, commencing January 30, 2019, and expiring January 30, 2034. The lease includes five, 5-year options with 10% rent increases. The current annual net operating income (NOI) is $79,151, representing a 7.00% cap rate on the $1,131,000 asking price. The property benefits from its proximity to major interstates I-469 and I-69, experiencing a combined 60,748 vehicles per day. Furthermore, it's less than five miles from a significant General Motors assembly plant, employing over 4,300 people. Zanesville, an affluent suburb with a 10.76% growth rate within a 5-mile radius and an average household income of $108,040, provides a strong market for the Dollar General store. The tenant, Dollar General, is an investment-grade (S&P: BBB) Fortune 500 company with over 20,000 locations nationwide. The building was constructed in 2018 and enjoys 100% occupancy. This is a turnkey investment with a strong tenant and a long-term lease.