Dollar General | Evansville, IN MSA | 1940 S State Road 57
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Dollar General | Evansville, IN MSA 1940 S State Road 57
9,014 SF Retail Building Oakland City, IN 47660 $1,249,363 CAD ($139 CAD/SF) 8.68% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Performer According to Placer.ai – Sales are Estimated to Be in the Top 35% in Indiana | #2 Out of 13 Stores Within 15 Miles in Visits
- Site is Located 33 Miles from Evansville | Oakland City is a Part of the Evansville MSA, the 3rd Largest City in Indiana (Population: 317,000)
- Excellent Visibility from IN-57 and IN-64 | Strategic Location Near Signalized Intersection (15,372 Combined VPD)
EXECUTIVE SUMMARY
Motivated Seller | Reverse 1031 Exchange
~5.5 Years Remaining on a NN Lease with a Corporate Guarantee | Four Five-Year Options with Rental Increases
Strong Performer According to Placer.ai – Sales are Estimated to Be in the Top 35% in Indiana | #2 Out of 13 Stores Within 15 Miles in Visits
This Site Features a Concrete Parking Lot and Pitched Metal Roof
Excellent Visibility from IN-57 and IN-64 | Strategic Location Near Signalized Intersection (15,372 Combined VPD)
~One Mile from Oakland City University with 1,250 Students and Staff | 1.4 Miles from I-69 (31,471 VPD)
Adjacent to ProRehab | Across the Street from Denny’s (71st Percentile in Indiana in Foot Traffic Per Placer.ai) and Marathon Gas Station | Nearby Retailers Include Subway, Family Dollar/Dollar Tree, IGA, NAPA Auto Parts, and the Oakland City Golf Club
Site is Located 33 Miles from Evansville | Oakland City is a Part of the Evansville MSA, the 3rd Largest City in Indiana (Population: 317,000)
Investment-Grade Tenant: Dollar General (NYSE: DG) has a BBB Credit Rating From S&P | Dollar General’s 2023 Revenue was $38.69 Billion | Opened Their 20,000th Store in 2024
~5.5 Years Remaining on a NN Lease with a Corporate Guarantee | Four Five-Year Options with Rental Increases
Strong Performer According to Placer.ai – Sales are Estimated to Be in the Top 35% in Indiana | #2 Out of 13 Stores Within 15 Miles in Visits
This Site Features a Concrete Parking Lot and Pitched Metal Roof
Excellent Visibility from IN-57 and IN-64 | Strategic Location Near Signalized Intersection (15,372 Combined VPD)
~One Mile from Oakland City University with 1,250 Students and Staff | 1.4 Miles from I-69 (31,471 VPD)
Adjacent to ProRehab | Across the Street from Denny’s (71st Percentile in Indiana in Foot Traffic Per Placer.ai) and Marathon Gas Station | Nearby Retailers Include Subway, Family Dollar/Dollar Tree, IGA, NAPA Auto Parts, and the Oakland City Golf Club
Site is Located 33 Miles from Evansville | Oakland City is a Part of the Evansville MSA, the 3rd Largest City in Indiana (Population: 317,000)
Investment-Grade Tenant: Dollar General (NYSE: DG) has a BBB Credit Rating From S&P | Dollar General’s 2023 Revenue was $38.69 Billion | Opened Their 20,000th Store in 2024
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$108,430
|
$12.03
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $108,430 |
| Annual Per SF | $12.03 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2009
Price
$1,249,363 CAD
Price Per SF
$139 CAD
Cap Rate
8.68%
NOI
$108,430 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.41 AC
Zoning
Commercial - Commercial
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 26-13-24-100-001.537-006 | Improvements Assessment | $862,462 CAD |
| Land Assessment | $65,950 CAD | Total Assessment | $928,413 CAD |
PROPERTY TAXES
Parcel Number
26-13-24-100-001.537-006
Land Assessment
$65,950 CAD
Improvements Assessment
$862,462 CAD
Total Assessment
$928,413 CAD
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Dollar General | Evansville, IN MSA | 1940 S State Road 57
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