819 Detroit StLaGrange, IN 46761

For Sale
$413,962

Indiana Retail Investment, Strong Lease

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity features a 10,996 square foot Dollar General storefront located at 819 S Detroit St, LaGrange, IN 46761. The property sits on a 0.47-acre lot and includes 44 parking spaces. Built in 1955, this single-tenant building boasts a strong, credit-rated tenant with a Net Net lease in place. The current lease, commencing July 30, 2003, and expiring July 30, 2030, offers a remaining term of approximately 5.7 years. The property's asking price is $413,962, representing a price per square foot of $37.65 and an attractive 8.00% cap rate. The 100% occupancy ensures a consistent income stream. The property's APN is 44-07-30-100-000.058-002. This is a compelling investment opportunity with potential for future growth. Lease options are available. This property is part of a larger portfolio sale opportunity.

Highlights

  • Investment opportunity: Dollar General-occupied storefront with 5.7 years remaining on a 27-year lease.
  • Portfolio sale opportunity available.
  • $413,962 asking price, 8.00% cap rate, and $37.65/sq ft.
  • 10,996 square foot building on a 0.47-acre lot with 44 parking spaces.
  • Located at 819 S Detroit St, LaGrange, IN 46761.
  • NN lease, credit-rated tenant, 100% occupancy.

Property Details for 819 Detroit St

Property type
Other retail properties, Individual retail properties
Square Feet
10,996 SF
Year Built
1955
Buildings
1
Lot Size (sq. ft)
20,473 SF

Location Insight

City
LaGrange
County
LaGrange
State
Indiana
Latitude
41.63616707
Longitude
-85.41770257
819 Detroit St, LaGrange, Indiana

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819 Detroit St
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