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406 S Main St
Walton, IN 46994

$1,138,667 USD

Freestanding For Sale  •  9,026 SF

Property Details

• Property Type Freestanding
• Total Building Size 9,026 SF
• Lot Size 2.33 AC
• Building Class B
• Year Built 2020
• Cap Rate 7.50 %
• Tenancy Single

10 Walk Score

Highlights

Investment-Grade Tenant: The property is anchored by Dollar General Corp., a Fortune 500 company with an S&P credit rating of BBB

Corporate Guarantee: The lease is backed by a full corporate guarantee from Dollar General Corp

Absolute NNN Lease Structure: The property operates under an absolute NNNl ease, with the tenant responsible for all maintenance, taxes, and insurance

Long-Term Lease with Growth: Approximately 9.2 years remaining on the initial lease term, with five (5) additional 5-year renewal options

Strategic Location with Limited Competition: The property is located in a strong retail corridor with minimal direct competition

Attractive Yield Profile: The asset offers an above-market cap rate, making it an appealing opportunity for investors seeking stable cash flow

Cap Rate:

7.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Dollar General