6030 In-16 Monticello, IN 47960

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.