1707 N Main St Rushville, IN 46173

This fee-simple retail property offers a compelling investment opportunity. The 9,973 square-foot building, constructed in 2016, is currently 100% occupied by a Dollar Tree under a Net Lease agreement. The lease, which commenced January 31, 2016, has a remaining term of approximately 6.2 years, extending to January 31, 2031. The lease includes three, five-year renewal options with a 5% rent increase in each option period. The property boasts a strong 7.50% cap rate, based on a net operating income (NOI) of $99,730, and a price per square foot of $133.36. Landlord responsibilities are minimal, limited to roof and structure maintenance. The tenant, Dollar Tree, is credit-rated and backed by a corporate guarantee, providing significant financial security. Situated on a 1.36-acre lot at 1707 N Main St, Rushville, IN 46173, the property benefits from a high-traffic location with over 10,300 vehicles passing daily. The property is conveniently located near other established retailers, including Taco Bell and Tractor Supply. This is a single-tenant, single-unit property offering a stable, long-term investment with a strong tenant and favorable lease terms.