820 Trl Rdg Rd Albion, IN 46701-1535
- Retail space
- 8,920 SF
- 1.04 lot acres
Current Use by Public Records
- Retail space
Property Details for 820 Trl Rdg Rd
- Year built
- 2003
- Construction
- WOOD
- Lot size
- 1.04 lot acres
- Property size
- 8,920 SF
- Property type
- Retail space
- APN
- 57-13-18-400-012.000-002
- APU
- 571318400012000002
Description
This exceptional investment opportunity presents a fee-simple, Class A, 9,100 square foot Dollar General convenience store located at 820 Trail Ridge Rd, Albion, Indiana, 46701. The property sits on a 1.04-acre lot and is zoned CG (Commercial General). Currently operating under a Net Net (NN) lease with a remaining term of 3.2 years (expiring January 30, 2028), this single-tenant property boasts 100% occupancy. Built in 2004, the building has consistently performed well, evidenced by three consecutive five-year lease renewals by Dollar General. The asking price is $750,000, translating to $82.42 per square foot. The property features ample parking and is situated in a high-traffic area with a favorable demographic profile. Potential exists for lease term extensions beyond the current expiration date. This is a strong investment opportunity due to the established tenant, long lease history, and prime location within Albion, Indiana. The property offers a secure and lucrative return for years to come.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albion
- County
- Noble
- State
- Indiana
- Longitude
- -85.4215
- Latitude
- 41.4071
- CBSA code
- 28340
- CBSA name
- KENDALLVILLE, IN MICROPOLITAN STATISTICAL AREA
