3010 Monroe St La Porte, IN 46350
- Retail properties
- 10,566 SF
- 1.68 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3010 Monroe St
- Year built
- 2025
- Lot size
- 1.68 lot acres
- Property size
- 10,566 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
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
- La Porte
- County
- LaPorte
- State
- Indiana
- Longitude
- -86.6908
- Latitude
- 41.6004
