101 State St Lizton, IN 46149

Property Details for 101 State St

Year built

2011

Construction

TYPE NOT SPECIFIED

Lot size

1.37 lot acres

Property size

9,504 SF

Property type

Outlet malls

APN

32-03-28-316-005.000-021

APU

320328316005000021

Description

This fee-simple retail property offers a compelling investment opportunity. Located at 101 N State St, Lizton, IN 46149, this 9,026 square foot Dollar General store sits on a 1.37-acre lot in Hendricks County, a rapidly growing area within the Indianapolis MSA. Built in 2011, the property boasts a 100% occupancy rate with a NNN lease in place, expiring June 29, 2026, leaving zero landlord responsibilities. The current annual rent is $80,442.58, with a 10% increase scheduled in approximately three years, and further 10% increases at each five-year renewal option. The lease is corporately guaranteed by Dollar General Corporation, holding an investment-grade credit rating of BBB. The property's strong performance is further supported by a 6.80% cap rate. This prime location at a main intersection in Lizton, Indiana, combined with the long-term lease and built-in rent escalations, presents a stable and appreciating asset with significant potential for future growth. The lease commenced June 30, 2012, and offers a remaining term of three years. This is a rare opportunity to acquire a well-performing, low-maintenance retail investment in a high-growth market. Place AI ranks this as the best Dollar General location in Hendricks County and in the top 70% in Indiana. Asking price is $1,185,000.

Location Insight

City

Lizton

County

Hendricks

State

Indiana

Longitude

-86.5418

Latitude

39.8839

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments