Property profile

3010 Monroe St La Porte, IN 46350

OFF-MARKET
Retail properties & Spaces
10,566 SF 1.68 ac lot Built 2025
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Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, 10,566-square-foot Dollar General storefront in La Porte, Indiana. Built in 2025, this property sits on a 1.676-acre lot and boasts a 15-year corporate-guaranteed lease with 5% rental increases every five years, including five, five-year options. The property enjoys 100% occupancy and generates a strong NOI of $165,371, resulting in a compelling 6.60% cap rate. The asking price is $2,505,600. Benefiting from its strategic location near US-90, connecting the Chicago MSA to South Bend, this Dollar General is ideally positioned within a densely populated area, with over 1,200 households within a one-mile radius and over 31,000 residents within a five-mile radius. The property's proximity to Beachwood Golf Course further enhances its visibility and accessibility. Dollar General's investment-grade credit rating (BBB, S&P), coupled with its extensive network of approximately 21,000 locations and a market cap exceeding $30 billion, underscores the stability and growth potential of this investment. This is a rare opportunity to acquire a high-performing asset with a long-term, secure lease from a financially robust tenant.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2025
Total area 10,566 SF
Lot 1.68 ac (73,007 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3010 Monroe St La Porte, IN 46350
La Porte metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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