6030 In-16 Monticello, IN 47960
- Retail properties
- 9,363 SF
- 2.48 lot acres
Current Use by Public Records
- Retail properties
Property Details for 6030 In-16
- Lot size
- 2.48 lot acres
- Property size
- 9,363 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
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.
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
- Monticello
- County
- White
- State
- Indiana
- Longitude
- -86.7552
- Latitude
- 40.8838
