820 Trail Ridge RdAlbion, IN 46701

For Sale
$750,000

Prime Retail Investment: Dollar General, Albion, IN

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a fee-simple, Class A, 9,100 square foot Dollar General convenience store located at 820 Trail Ridge Rd, Albion, Indiana, 46701. The property sits on a 1.04-acre lot and is zoned CG (Commercial General). Currently operating under a Net Net (NN) lease with a remaining term of 3.2 years (expiring January 30, 2028), this single-tenant property boasts 100% occupancy. Built in 2004, the building has consistently performed well, evidenced by three consecutive five-year lease renewals by Dollar General. The asking price is $750,000, translating to $82.42 per square foot. The property features ample parking and is situated in a high-traffic area with a favorable demographic profile. Potential exists for lease term extensions beyond the current expiration date. This is a strong investment opportunity due to the established tenant, long lease history, and prime location within Albion, Indiana. The property offers a secure and lucrative return for years to come.

Highlights

  • Investment-grade, publicly traded tenant with a strong corporate guarantee.
  • Recession-resistant, Fortune 500 (ranked #123) national discount store chain.
  • Tenant actively involved in community service through charitable giving.

Property Details for 820 Trail Ridge Rd

Property type
Other retail properties, Individual retail properties
Square Feet
9,100 SF
Class
A
Stories
1
Lot Size (sq. ft)
45,302 SF

Location Insight

City
Albion
County
Noble
State
Indiana
Latitude
41.4070136
Longitude
-85.4213956
820 Trail Ridge Rd, Albion, Indiana

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820 Trail Ridge Rd
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