8919 E Black Point Rd - Freestanding FOR SALE


Syracuse, IN 46567
$1,221,429 USD
317-218-5316
8919 E Black Point Rd, Syracuse, IN for Sale
$1,221,429 USD
Freestanding - FOR SALE
1/1
null | 7% Cap Rate

8919 E Black Point Rd
Syracuse, IN 46567


HIGHLIGHTS

  • Lake Town Location | Major Outdoor Enthusiast & Boating Area
  • Absolute NNN Lease | Zero Landlord Responsibilities | Rental Increasesv
  • 2.5 Hours from Indianapolis | 1 Hour from Fort Wayne | Limited Market Competition
  • Fortune 500 Retailer | Investment Grade Credit Rating | Corporate Guarantee

OVERVIEW

The Klink Group of Marcus & Millichap is pleased to present for sale a portfolio of 5 premium location Dollar General stores located in Florida, South Carolina and Indiana. This offering presents a stable, income-producing investment backed by long-term, absolute triple-net (NNN) leases with Dollar General Corporation, a Fortune 500 company with an investment-grade credit rating (S&P: BBB). The package consists of exceptionally strong real estate sites with very dense demographics located in growing cities within primarily southern markets. The portfolio is priced at $7.9 million with a combined annual net operating income (NOI) of $515,247, offering a blended cap rate of over 6.5%+. The properties have firm term leases remaining that average 9.2 years, with four 5-year renewal options, each featuring 10% rental increases, providing inflation hedge and built-in income growth.

FOR SALE DETAILS

PRICE

$1,221,429 USD

PRICE/SF

$134 USD /SF

CAP RATE

7%

% 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

2019

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

Commercial

APN/PARCEL ID

43-04-14-100-139.000-025

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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Jordan KlinkMarcus & MillichapMore Info
317-218-5316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.