8004 W Old Wabash Rd - Freestanding FOR SALE
Andrews, IN 46702 |
$1,128,533 USD
424-261-7308
8004 W Old Wabash Rd
Andrews, IN 46702
HIGHLIGHTS
- Investment-Grade Tenant: The property is leased to 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. (NYSE: DG)
- Absolute NNN Lease Structure: The lease is structured as Absolute Triple Net (NNN), with zero landlord responsibilities
- Long-Term Lease with Growth: Approximately ±9.3 years remain on the current lease term, complemented by five 5-year renewal options
- Strategic Location with Limited Competition: The property is well-positioned in a strong retail corridor with minimal direct competition
- Attractive Yield Profile: The asset offers an above-market return, making it highly appealing to investors seeking stable, passive income
FOR SALE DETAILS
PRICE
$1,128,533 USD
PRICE/SF
$125 USD /SF
CAP RATE
7.5%
% 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
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.97 AC
LAND SF
172,933 SF
ZONING
-
APN/PARCEL ID
35-04-15-400-018.304-002
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424-261-7308
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424-261-7308
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