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315 W State St
Glenwood, IN 46133

$1,129,000 USD

Freestanding For Sale  •  9,100 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 9,100 SF
  • Lot Size 1.04 AC
  • Building Class B
  • Year Built 2019
  • Cap Rate 7.65 %
  • Tenancy Single
  • Zoning C
0 Transit Score
11 Walk Score

Highlights

CORPORATE GUARANTEED LEASE: 8 years remaining on Absolute NNN lease with ATTRACTIVE 10% rental escalations every 5 years in renewal options
CORPORATE TENANT: Dollar General Corporation (NYSE: DG | S&P BBB Credit Rating | Moody’s Baa3 Rating) operated 20,901 stores
LARGE PARCEL: Strategically located on a large ±1.036-acre parcel along S Rd 44/W State St, Glenwood’s main east-west corridor
TRAFFIC COUNTS: benefitting from strong visibility, easy access, and traffic counts of 5,514 CPD
STRATEGIC LOCATION: Only Dollar General in a mile radius and only daily needs grocer in a 7-mile radius!
2025 DEMOGRAPHICS: Total Population (5MI): 1,918 | Average Household Income (1MI): $91,502

Property Flyers

Cap Rate: 7.65 %

Major Tenants

Tenant SF Occupied Lease End Date
Dollar General 1/31/2034

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
15 min - 9.6 mi
Kendall Carlsen 480-718-5555 Commercial Investment Advisors, INC
Kendall Carlsen 480-718-5555 Commercial Investment Advisors, INC