169 Main St North Salem, IN 46165

This exceptional investment opportunity presents a 9,026-square-foot Dollar General store located at 169 N Main St, North Salem, Indiana 46165. Built in 2021, the property boasts a strong 7.15% cap rate and a substantial net operating income (NOI) of $89,989. The absolute NNN lease, backed by a corporate guarantee, provides significant investor protection with minimal landlord responsibilities. The lease features a remaining term of 11.1 years, extending to January 1, 2036, and includes five 5-year renewal options. The property's strategic location on N Main Street, next to North Salem Elementary School, benefits from an estimated 2,062 vehicles per day. Dollar General, a highly reputable and recession-resistant tenant with a BBB credit rating, operates as the sole corporate tenant in the area, ensuring minimal competition. The asking price is $1,258,600, translating to $139.44 per square foot. This is a rare chance to acquire a stable, high-performing retail asset with a long-term lease and significant upside potential. The property is classified as a convenience store, grocery store, and storefront, catering to the local community's needs.