1105 38th St Marion, IN 46953

This exceptional investment opportunity presents a 9,100 square foot Dollar General convenience store in Marion, Indiana, on a 0.9-acre lot. Built in 2018, the property boasts a 15-year absolute NNN lease with a corporate guarantee from Dollar General (NYSE: DG), expiring September 30, 2033, and including five, five-year renewal options with rent bumps. The current lease provides a strong NOI of $89,852, yielding a 7.00% cap rate on the $1,283,600 asking price. The property benefits from a prime location near Indiana Wesleyan University (approximately 3,000 students) and the VA Northern Indiana Health Care System, a large healthcare campus. The property's strategic positioning also places it near various national retailers, enhancing its visibility and accessibility. The tenant is responsible for all property expenses, including taxes, insurance, and common area maintenance. This presents a low-maintenance, high-return investment with a financially sound, investment-grade corporate tenant and significant remaining lease term. The property's strong location and long-term lease make it an attractive opportunity for investors seeking stable, passive income.