407 Frst Home St Roachdale, IN 46172-9169

This exceptional investment opportunity presents a brand-new, 9,100-square-foot Dollar General store in Roachdale, Indiana, situated within the Indianapolis market. The property boasts a 15-year absolute NNN lease, commencing November 1, 2024, and expiring October 31, 2039, with zero landlord responsibilities. The lease includes five, five-year renewal options, each featuring a 5% rent increase. Dollar General Corporation, a tenant with an investment-grade "BBB" credit rating, provides a corporate guarantee. Built in 2024, this single-story building sits on a 1.5-acre lot with 30 parking spaces and is zoned for commercial use. The property enjoys a prime location on E Forest Home Street, a main thoroughfare, experiencing 1,880 cars per day. It's the only dollar store within a nine-mile radius, serving a 10-mile population of 13,247 with a three-mile average household income of $71,659. The asking price of $1,826,030 reflects a 6.90% cap rate based on a net operating income (NOI) of $125,996. This presents a compelling opportunity for 1031 exchange buyers or passive investors seeking a secure, high-return investment in a strong retail sector. The property's strong location, long-term lease, and creditworthy tenant combine to offer a stable and profitable investment.