220 N West St - Freestanding FOR SALE
Roann, IN 46974 |
$2,036,500 USD
858-373-3184
220 N West St
Roann, IN 46974
HIGHLIGHTS
- 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years throughout the Initial Term and 5% at each Option.
- Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating “BBB” by S&P’s & Annual Revenue Exceeding $4B.
- Excellent Frontage Along IN-16, with Easy Access and Strong Visibility - Prime Positioning for Local and Pass-through Traffic. Hard Corner Location.
- Strategic Location - Serves a Wide Trade Area with Limited Retail Competition - Strong Local Customer Base and Essential Retail Positioning.
- Next Nearest Dollar General is more than 11 Miles away.
OVERVIEW
Dollar General | 15 Year Absolute Net Lease w/ Rent Increases | Brand New 2025 Rare All-Wood Prototype Construction | Hard Corner Location | Limited Retail Competition | Amazon Resistant Investment Grade Retail Concept
Indiana Broker of Record: Josh Caruana | 600 East 96th St., Ste. 500 Indianapolis, IN 46240 | P: (317) 218-5300 | Lic #: RB14034355 | Josh.Caruana@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$2,036,500 USD
PRICE/SF
$191 USD /SF
CAP RATE
6.85%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
DOLLAR GENERAL w/ RENT INCREASES | 15YR NNN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store, Storefront, Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.5 AC
LAND SF
65,340 SF
ZONING
-
APN/PARCEL ID
85-09-02-202-122.000-011
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858-373-3184
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858-373-3184
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