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Dollar General 421 N Jefferson St
8,000 SF Retail Building Covington, IN 47932 $1,169,413 CAD ($146 CAD/SF) 8% Cap Rate
Investment Highlights
- 4+ Years of Lease Term
- Corporate Guarantee - Strong BBB Credit Rating
- Fortune 150 Investment Grade Tenant
- Only Dollar Store in Several Miles
Executive Summary
Located near everything in town and just 2 blocks from US Hwy 136, which traverses the city. Covington is the seat of Fountain County and this Dollar General is 80 miles West of Indianapolis, 8 miles West of Veedersburg, IN, 13 miles East of Danville, IL and 47 miles East of Champaign, IL. Under 2 miles from Interstate 74 interchange, which connects all of the above, and two blocks from US Hwy 136 near lots of retail including grocery, banks, restaurants, offices, Fountain County courthouse, and in a downtown neighborhood with lots of walk traffic.
Center City Location
Fortune 150 Investment Grade Tenant
4.5+ Years of Lease Term
Corporate Guarantee - Strong BBB Credit Rating
Tenant Website: www.DollarGeneral.com
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$93,553
|
$11.69
|
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 | $93,553 |
| Annual Per SF | $11.69 |
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- 8,000 SF
- $11.69 CAD
- Double Net
- Dec 2028
At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | 8,000 SF | $11.69 CAD | Double Net | Dec 2028 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 23-06-35-224-024.000-016 | Improvements Assessment | $523,805 CAD |
| Land Assessment | $49,164 CAD | Total Assessment | $572,969 CAD |
PROPERTY TAXES
Presented by
Dollar General | 421 N Jefferson St
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