315 W State St - Freestanding FOR SALE
Glenwood, IN 46133 |
$1,129,000 USD
480-718-5555
315 W State St
Glenwood, IN 46133
HIGHLIGHTS
- CORPORATE GUARANTEED LEASE: 8 years remaining on Absolute NNN lease with ATTRACTIVE 10% rental escalations every 5 years in renewal options
- CORPORATE TENANT: Dollar General Corporation (NYSE: DG | S&P BBB Credit Rating | Moody’s Baa3 Rating) operated 20,901 stores
- LARGE PARCEL: Strategically located on a large ±1.036-acre parcel along S Rd 44/W State St, Glenwood’s main east-west corridor
- TRAFFIC COUNTS: benefitting from strong visibility, easy access, and traffic counts of 5,514 CPD
- STRATEGIC LOCATION: Only Dollar General in a mile radius and only daily needs grocer in a 7-mile radius!
- 2025 DEMOGRAPHICS: Total Population (5MI): 1,918 | Average Household Income (1MI): $91,502
FOR SALE DETAILS
PRICE
$1,129,000 USD
PRICE/SF
$124 USD /SF
CAP RATE
7.65%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
DOLLAR GENERAL – GLENWOOD, IN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Bank, Convenience Store, Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.04 AC
LAND SF
45,302 SF
ZONING
C
APN/PARCEL ID
70-08-33-251-002.000-013
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480-718-5555
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480-718-5555
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