Dollar General NNN Property For Sale — Springport, IN
TBD Hwy 3 & CR 800N, Springport, IN unknown
This offering presents an exceptional opportunity to acquire a newly developed Dollar General property in Springport, IN, with rent commencing in May 2026. This investment features a 15-year Absolute NNN lease, ensuring zero landlord responsibilities. The lease includes attractive 5% rent increases every five years, providing a stable and growing income stream. The property boasts a prime 2.19-acre hard-corner parcel situated on Hwy 3, a major thoroughfare connecting Springport to Muncie, New Castle, and Indianapolis. The location benefits from limited retail competition, serving as the sole convenience store in Springport and catering to the retail needs of the surrounding area. The immediate area is affluent, with an average household income exceeding $108,000. The lease is backed by a…
- Address: TBD Hwy 3 & CR 800N, Springport, IN unknown
- Asking price $2.01M
- 6.60% cap rate
- NOI $132,809
- 15 years remaining
- NNN lease
- Year built: 2026
- Building size: 9,026 SF
- Lot size: 2.19 acres
- Lease expiration: May 31, 2041
- Rent increases: Years 1-5: $132,809; Years 6-10: $139,449; Years 11-15: $146,422
- Guarantor: Corporate
Location
This Dollar General property is at TBD Hwy 3 & CR 800N in Springport, Indiana.
Asset type: Retail