Specialty

Covington, IN Specialty Properties for Sale

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NNN Leased Dollar General Store
Updated: Nov 21, 2025
NNN Leased Dollar General Store

421 Jefferson St, Covington, IN 47932

$825,000
8,000 sqft
Fortune 150 Investment Grade Tenant (Dollar General)
Corporate Guarantee with Strong BBB Credit Rating
High Placer AI Traffic indicating strong sales
3+ Years of Lease Term Remaining
Center City Location with high walk traffic and proximity to retail, banks, and government buildings
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NNN Leased Dollar General Store
Updated: Oct 15, 2024
NNN Leased Dollar General Store

421 Jefferson St, Covington, IN 47932

$825,000
8,078 sqft
Long‑term NN leased Dollar General with 4 years remaining.
Fortune 150 Investment Grade Tenant with a Corporate Guarantee and Strong BBB Credit Rating.
Strong Placer AI traffic indicating strong sales.
Located in downtown Covington, the seat of Fountain County, Indiana.
High‑traffic location near US Hwy 136, retail, grocery, banks, restaurants, offices, and the Fountain County courthouse.
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 2 Active listings in Covington, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 9 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

34-Room Motel with Expansion Land
34-Room Motel with Expansion Land

1824 E Main Street, Danville, IL 61832

$500,000
0.92 AC lot

Operating exterior-entry motel with an on-site apartment and additional parcels along Danville’s East Main Street corridor.

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Large-Block Office Building
Large-Block Office Building

3290 East Main Street, Danville, IL 61834

Contact for pricing
63,123 sqft 7.45 AC lot

Office facility subject to an Absolute NNN lease with repositioning flexibility under I-1 Light Industrial zoning.

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Multi-Building Warehouse for Lease and Sale
Multi-Building Warehouse for Lease and Sale

38 Stratford Ct, Lafayette, IN 47909

Contact for pricing
513,000 sqft

Warehouse space is available across multiple buildings for lease or sale in Lafayette, Indiana.

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Large Industrial Building
Large Industrial Building

38 Stratford Ct, Lafayette, IN 47909

Contact for pricing
513,000 sqft

Industrial building for lease or sale offering a wide range of available square footage.

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Off-Market Properties in Covington, IN

Consider similar Off-Market properties in Covington, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

420 3rd St
FUNERAL HOME

420 3rd St, Covington, IN 47932-1116

Estimated value:
$240,000
7,496 sqft 0.28 AC lot
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Stringtown Rd
CHARITABLE ORGANIZATION

Stringtown Rd, Covington, IN 47932

Estimated value:
$250,000
2.49 AC lot
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Silver Is Rd
CHARITABLE ORGANIZATION

Silver Is Rd, Covington, IN 47932

Estimated value:
$255,000
54.18 AC lot
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Silver Is Rd
CHARITABLE ORGANIZATION

Silver Is Rd, Covington, IN 47932

Estimated value:
$255,000
18.32 AC lot
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Silver Is Rd
CHARITABLE ORGANIZATION

Silver Is Rd, Covington, IN 47932

Estimated value:
$245,000
3.00 AC lot
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Silver Is Rd
CHARITABLE ORGANIZATION

Silver Is Rd, Covington, IN 47932

Estimated value:
$255,000
56.40 AC lot
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Silver Is Rd
CHARITABLE ORGANIZATION

Silver Is Rd, Covington, IN 47932

Estimated value:
$255,000
23.00 AC lot
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1212 Liberty St
CHARITABLE ORGANIZATION

1212 Liberty St, Covington, IN 47932-1629

Estimated value:
$265,000
5,484 sqft 2.21 AC lot
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Covington, IN 47932
CHARITABLE ORGANIZATION

Covington, IN 47932

Estimated value:
$270,000
0.19 AC lot
View details

Covington, IN Specialty Properties Market Trends and Statistics

Explore 11 specialty properties for sale in Covington, IN on our real estate platform. These investment opportunities span a total of 16,078 square feet of properties for sale, with an estimated market value of $1,650,000.

Sale prices for properties in Covington, IN average $825,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

NNN properties 2

Demographics Overview

Population 5,193
Population Growth (5Y) +3.8%
Median Household Income $59,365
College Educated 28.6%

High-Yield Neighborhoods for Investment

Identify Covington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
47932 $825K

Taxes & Financing

Tax Rate (average for all types) 1.89%
Property Tax per SF $29.09 per SF
Tax Rate vs County Average 0.18 pp below county avg
Average Loan-to-Value 65.0%

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