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2948 W 400 N
Peru, IN 46970

$1,977,265 USD

Freestanding For Sale  •  9,100 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 9,100 SF
  • Lot Size 3.07 AC
  • Building Class B
  • Year Built 2026
  • Cap Rate 6.65 %
  • Tenancy Single
10 Walk Score

Highlights

15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years Throughout the Initial Term and Options.
Brand New 2026 Rare All-Wood Prototype Construction. Strategic U.S. 31 Location – Positioned Directly at U.S. 31 and West 400 North.
Ranked #111 on the Fortune 500 List. Dollar General (NYSE: DG) Investment Grade Credit Rating “BBB” by S&P’s and Annual Revenue Exceeding $42.72B.
Major North-South Transportation Corridor – U.S. 31 is a Key North-Central Indiana Artery Linking Kokomo, Peru, Rochester and South Bend.
Convenient U.S. 24 Connectivity – the Property Sits North of the Nearby U.S. 24 Interchange, Providing Efficient East-West Access.
Minutes from Grissom Joint Air Reserve Base – Miami County’s Largest Employer and Home to the 434th Air Refueling Wing.
Cap Rate: 6.65 %

Major Tenants

Tenant SF Occupied Lease End Date
Dollar General 9,100 SF 12/31/2041

Amenities

  • Pylon Sign
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap