Dollar General NNN Property For Sale — Monticello, IN
6030 E State Road 16, Monticello, IN 47960
This NNN leased Dollar General in Monticello, Indiana presents an excellent investment opportunity. Located in a popular tourist destination between Chicago and Indianapolis, the property benefits from its proximity to the Tippecanoe River, Lake Shafer, Indiana Beach Amusement Park, and various local attractions. The highly visible 9,363 SF building, constructed in 2018, is situated on a corner lot with frontage on Indiana Highway 16. The tenant is subject to a NNN lease with approximately 9 years remaining and includes five 5-year renewal options with 10% rental increases. A clean Phase 1 Report and ALTA Survey are available for due diligence.
- Address: 6030 E State Road 16, Monticello, IN 47960
- Asking price $1.16M
- 6.50% cap rate
- NOI $75,186
- 6.8 years remaining
- NNN lease
- Year built: 2018
- Building size: 9,363 SF
- Lot size: 2.48 acres
- Lease expiration: Jun 30, 2033
- Rent increases: 10% increases every 5 years
- Guarantor: Corporate
Location
This Dollar General property is at 6030 E State Road 16 in Monticello, Indiana.
Asset type: Retail - Street Retail