8035 Pea Rdg Rd Brookville, IN 47012-7724
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.