6030 In-16Monticello, IN 47960
- Retail properties
- 9,363 SF
Property Details for 6030 In-16
- Lot size
- 2.48 AC
- Property size (Sq ft)
- 9,363 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a 9,363 square foot Dollar General located at 6030 IN-16, Monticello, IN 47960. The property boasts a prime corner lot (2.475 acres) with high visibility along Indiana Highway 16 in a popular Indiana resort area, situated midway between Chicago and Indianapolis. Built in 2018, this absolute NNN leased property offers a remaining lease term of 8.6 years, extending to June 30, 2033, with five additional five-year renewal options, each including a 10% rent increase. The tenant, Dollar General, is credit-rated and backed by a corporate guarantee, ensuring a secure investment. The property's strong financial performance is reflected in its 6.75% cap rate and a Net Operating Income (NOI) of $80,970, with an asking price of $1,199,500 ($128.11 per square foot). The property is currently 100% occupied. Available documentation includes a Phase 1 environmental report and an ALTA survey. This is a single-tenant, absolute NNN lease investment.
Location Insight
- City
- Monticello
- County
- White
- State
- Indiana
- Latitude
- 40.8838
- Longitude
- -86.7552
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at support@realmo.com and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.