Dollar General — Sale in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Indianapolis, IN 46218

Photos

Dollar General — Sale in Indianapolis, IN, photo 1 of 2
Dollar General — Sale in Indianapolis, IN, photo 2 of 2

Investment Figures

Cap rate
7.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

see highlights 1 of 2 Previous Next ← Move left → Move right ↑ Move up ↓ Move down + Zoom in - Zoom out 3712 N Keystone Ave Indianapolis, Indiana 3712 N Keystone Ave View on Google Maps Custom Imagery This image is no longer available Keyboard shortcuts Map Data © 2026 Google © 2026 Google Terms Report a problem Gallery (2) View Map Street View × Dollar General Close Investment Highlights Best In Class Tenant - Corporate guarantee by Dollar General, a nationally recognized corporation with over 19,000 locations. The lease also includes 9% rent bumps in all option periods. Growing Area - A new proposed 95-unit multifamily project is located directly across the street from the property. The Indiana State Fairgrounds are also located less than a mile from the property. Strong Demographics - Located within the Indianapolis MSA, the property benefits from over 254,700 residents within 5 miles and sees over 27,000 vehicles per day on Keystone Ave. Established, Long-Term Location - The tenant recently extended their lease term for an additional five years by executing their first option period. They have three (3), 5-year option periods remaining. Investment Highlights: • Best In Class Tenant - Corporate guarantee by Dollar General, a nationally recognized corporation with over 19,000 locations. The lease also includes 9% rent bumps in all option periods. • Growing Area - A new proposed 95-unit multifamily project is located directly across the street from the property. The Indiana State Fairgrounds are also located less than a mile from the property. • Strong Demographics - Located within the Indianapolis MSA, the property benefits from over 254,700 residents within 5 miles and sees over 27,000 vehicles per day on Keystone Ave. • Established, Long-Term Location - The tenant recently extended their lease term for an additional five years by executing their first option period. They have three (3), 5-year option periods remaining.

Market Context

This retail in Indianapolis, IN is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Indianapolis, IN — view the full market.

As of Q2 2026, the Indianapolis retail market showed a 4.9% vacancy rate, and average asking rents near $17.29/SF/yr. Source: Cushman & Wakefield Q2 2026 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Indianapolis retail market tightening or softening?
Vacancy is around 4.9% (Q2 2026).

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