407 Forest Home St, Roachdale, IN 46172
9,100 SF | Retail Building | Roachdale, IN 46172 | $1,852,883 ($204/SF) | 6.80% Cap Rate
For Sale
Active
Asking Price $1,852,883
- Property Type
-
Retail
- Square Feet
- 9,100 SF
- Price / Square Foot
- $204
Listing Contacts
Bryan Bender
Property Overview
Fortis Net Lease is pleased to present this brand new 9,100 SF. Dollar General store located in Roachdale, Indiana - part of the Indianapolis Market! The property offers a 15 Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5 (5 Year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store finished construction and successfully opened for business in November 2023.
This Dollar General is highly visible as it is strategically positioned on E Forest Home Street seeing 1,880 cars per day. It is the only dollar store serving the community with the next being 9 miles away. The 10 mile population from the site is 13,247 and the 3 mile average household income is $71,659 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a
6.80% cap rate based on the NOI of $125,996.04.
This Dollar General is highly visible as it is strategically positioned on E Forest Home Street seeing 1,880 cars per day. It is the only dollar store serving the community with the next being 9 miles away. The 10 mile population from the site is 13,247 and the 3 mile average household income is $71,659 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a
6.80% cap rate based on the NOI of $125,996.04.
Property Details
- Class
- C
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store
- Lot Size (sq. ft)
- 62,291 SF
Highlights
- The Only Dollar Store Serving the Community!
- 2024 BTS Construction.
- Investment Grade Dollar Store With "BBB" Credit Rating.
- On Main Thoroughfare Connecting Cities.
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