2948 W 400 N - Freestanding FOR SALE
Peru, IN 46970 |
$1,977,265 USD
858-373-3184
2948 W 400 N
Peru, IN 46970
HIGHLIGHTS
- 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years Throughout the Initial Term and Options.
- Brand New 2026 Rare All-Wood Prototype Construction. Strategic U.S. 31 Location – Positioned Directly at U.S. 31 and West 400 North.
- Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Investment Grade Credit Rating “BBB” by S&P’s and Annual Revenue Exceeding $42.72B.
- Major North-South Transportation Corridor – U.S. 31 is a Key North-Central Indiana Artery Linking Kokomo, Peru, Rochester and South Bend.
- Convenient U.S. 24 Connectivity – the Property Sits North of the Nearby U.S. 24 Interchange, Providing Efficient East-West Access.
- Minutes from Grissom Joint Air Reserve Base – Miami County’s Largest Employer and Home to the 434th Air Refueling Wing.
OVERVIEW
Dollar General | 15 Year Absolute Net Lease w/ Rent Increases | Brand New 2026 Rare All-Wood Prototype Construction | Hard Corner Location | Strategic U.S. 31 Location | Convenient U.S. 24 Access | Near Grissom Air Reserve Base | Minutes from Miami County Fairgrounds | Amazon Resistant Investment Grade Retail Concept
Indiana Broker of Record: Julia Evinger | 510 East 96th St., Ste. 200 Indianapolis, IN 46240 | P: (317) 218-5300 | Lic #: RB14040143 | Julia.Evinger@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$1,977,265 USD
PRICE/SF
$217 USD /SF
CAP RATE
6.65%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
DOLLAR GENERAL | 15 YR ABS. NET w/ RENT BUMPS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store, Storefront, Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.07 AC
LAND SF
133,729 SF
ZONING
-
APN/PARCEL ID
52-05-31-300-005.000-012
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858-373-3184
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858-373-3184
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