1911 W State Road 244 - Freestanding FOR SALE


Milroy, IN 46156
$1,215,000 USD
812-320-8483
1911 W State Road 244, Milroy, IN for Sale
$1,215,000 USD
Freestanding - FOR SALE
1/3
null | 7.15% Cap Rate

1911 W State Road 244
Milroy, IN 46156


HIGHLIGHTS

  • 10.42 Years Remaining on a Corporately Guaranteed Absolute NNN Lease – No Landlord Responsibilities | Five, 5-Year Options with 10% Rental Increases
  • Prime Access Located at the Signalized Intersection of Two Local Arteries: SR 244 and SR 3 | Milroy Sits Off the I-74 Business Corridor
  • Lack of Competition – Located 9 Miles from the Nearest Grocery Store

OVERVIEW

10.42 Years Remaining on a Corporately Guaranteed Absolute NNN Lease – No Landlord Responsibilities | Five, 5-Year Options with 10% Rental Increases at Each Option Prime Access Located at the Signalized Intersection of Two Local Arteries: SR 244 and SR 3 | Milroy Sits Off the I-74 Business Corridor that Promotes the Region on the Basis of Interstate Access, Rail Connectivity, Proximity to International Airports and Access to a Workforce of More Than 3 Million People Lack of Competition – Located 9 Miles from the Nearest Grocery Store Recent Construction & Oversized Parcel – the Subject Property was Built-to-Suit for Dollar General in 2021 and is Positioned on a Large 2.45-Acre Parcel Located 10 Miles from Greensburg, IN with Major Employers: Honda Indiana Auto Plant with 3,000+ Employees, One Solution Logistics with 700 Employees, Valeo Engine Cooling with 700 Employees, Decatur County Memorial Hospital with 600 Employees   Ideal Demographics for Dollar General: There are 18,347 Residents Within 10 Miles with an Average Household Income of $79,562 - Necessity Retailer Benefits from Being The Quick-stop Option for Food, Household Items, Paper Goods and Health and Beauty that Residents Prefer Not to Drive Farther to Buy Located 8 Miles from Rushville with Rush Memorial Hospital with 500 Employees and INTAT Precision with 500 Employees | Rushville Announced that Diamond Pet Foods Would Invest More Than $220 Million in a 700,000-Square-Foot Manufacturing and Distribution Facility

FOR SALE DETAILS

PRICE

$1,215,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.85 AC

LAND SF

124,146 SF

ZONING

Commercial

APN/PARCEL ID

70-14-13-101-003.000-001

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
812-320-8483

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Damien YoderMarcus & MillichapMore Info
812-320-8483

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.