406 S Main St - Freestanding FOR SALE
Walton, IN 46994 |
$1,138,667 USD
424-261-7308
406 S Main St
Walton, IN 46994
HIGHLIGHTS
- Investment-Grade Tenant: The property is anchored by Dollar General Corp., a Fortune 500 company with an S&P credit rating of BBB
- Corporate Guarantee: The lease is backed by a full corporate guarantee from Dollar General Corp
- Absolute NNN Lease Structure: The property operates under an absolute NNNl ease, with the tenant responsible for all maintenance, taxes, and insurance
- Long-Term Lease with Growth: Approximately 9.2 years remaining on the initial lease term, with five (5) additional 5-year renewal options
- Strategic Location with Limited Competition: The property is located in a strong retail corridor with minimal direct competition
- Attractive Yield Profile: The asset offers an above-market cap rate, making it an appealing opportunity for investors seeking stable cash flow
FOR SALE DETAILS
PRICE
$1,138,667 USD
PRICE/SF
$126 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.33 AC
LAND SF
101,495 SF
ZONING
-
APN/PARCEL ID
09-18-31-300-006.000-022
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424-261-7308
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424-261-7308
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