215 Main St Brownstown, IN 47220-2018
Property Lookup
Property profile & analytics
215 Main St Brownstown, IN 47220-2018
- Outlet malls
- 9,040 SF
- 0.26 lot acres
Property ID
US31-1488517
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
Property Details for 215 Main St
- Year built
- 1990
- Construction
- WOOD
- Lot size
- 0.26 lot acres
- Property size
- 9,040 SF
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 36-54-14-102-072.000-002
- APU
- 365414102072000002
Description
This exceptional investment opportunity presents a fee-simple ownership of a 9,000 square foot Dollar General store located at 215 S Main St, Brownstown, IN 47220. Built in 1990 on a 0.51-acre lot, this single-tenant property boasts a strong 8.5% cap rate, generating a net operating income (NOI) of $84,095. The property is subject to a Net Net (NN) lease with a credit-rated corporate guarantor, ensuring consistent cash flow. The current lease, commenced on November 30, 2010, has a remaining term of approximately one year, with four, five-year lease options, each including a 10% rent increase. The tenant, Dollar General, has a history of exercising these options, demonstrating their commitment to the location. The property's prime location on Main Street benefits from high visibility and significant daily vehicle traffic. The asking price is $989,355, translating to $109.93 per square foot and representing a compelling price-per-unit given the strong tenant and lease terms. This is a rare opportunity to acquire a well-performing, low-maintenance retail investment with a highly reputable national tenant in a desirable location. The property's strong financials, coupled with the long-term lease and favorable lease terms, make this an attractive investment for discerning buyers seeking stable, high-yield returns.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Brownstown
- County
- Jackson
- State
- Indiana
- Longitude
- -86.0424
- Latitude
- 38.8774
- CBSA code
- 42980
- CBSA name
- SEYMOUR, IN MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,023
$55,500
$129,200
$184,700
-
$55,500
$129,200
$184,700
