16250 Jonesville Rd Columbus, IN 47201

This exceptional investment opportunity presents a fee-simple ownership of a 10,640-square-foot Dollar General store in Columbus, Indiana. Built in 2023, this single-story building sits on a substantial 2.73-acre lot. The property boasts a 15-year absolute NNN lease with a corporate guarantee from Dollar General, commencing May 1, 2023, and expiring April 30, 2038. This leaves a substantial 13.4 years remaining on the initial lease term. The lease includes five, five-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $96,682, representing a 7.00% cap rate and a price per square foot of $129.79. Dollar General, a publicly traded company (NYSE: DG), reported $39.67 billion in trailing twelve-month revenue as of September 2024, and holds an investment-grade credit rating of 'BBB' from S&P. The property's location at 16250 S Jonesville Rd, Columbus, IN 47201, benefits from its strategic placement within a thriving retail market. This is a turnkey investment with minimal landlord responsibilities beyond property taxes, offering significant long-term value and stability. The property's APN is 03-76-08-310-002.201-022.