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Property profile & analytics
OFF-MARKET
Retail space

8035 Pea Rdg Rd Brookville, IN 47012-7724

2,870 SF 5 ac lot Built 1945
Entity Owned Absentee Owner Free & Clear
Property ID
US31-1866851
Property summary
AI-generated overview

This exceptional investment opportunity presents a brand-new (2024), 10,640-square-foot Dollar General store situated on a 1.98-acre lot in Brookville, Indiana. The property boasts a 14.9-year remaining lease term (expiring 09/30/2039) with a corporate guarantee and an absolute NNN lease structure, ensuring minimal landlord responsibilities. The current annual net operating income (NOI) stands at $136,000, yielding a compelling 6.75% cap rate. The lease includes attractive 5% rent increases every five years, providing significant long-term growth potential. This Class A retail property is strategically located at a hard corner with excellent visibility along a major road (IN-101) and Pea Ridge Road, leading to a popular boat launch. The building is a rare all-wood prototype construction. Dollar General, a Fortune 500 company with an investment-grade credit rating, occupies the space. The property's proximity to Brookville Lake, offering extensive recreational opportunities, further enhances its appeal. This is a rare chance to acquire a stable, high-performing retail investment with substantial upside.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1945
Construction WOOD
Total area 2,870 SF
Lot 5 ac (217,800 SF)
APN 24-10-02-200-003.000-003
UPID US31-1866851
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
GARR HILL GRILL & LODGING LLC
GARR HILL GRILL & LODGING LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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