Contacts
Matthews Real Estate Investment Services
Property Details
- Property Type Retail
- Property Size 9,100 SF
- Lot Size 2.11 Acre
- Cap Rate % 7.75
- NOI / YR $84,840.00
- Date Updated Nov 14, 2025
- Visibility/Traffic Count (VPD) 115,000
• High-Ranking Store
According to AlphaMap, this location is the #1 most visited Dollar General in Bedford, Indiana. It ranks in the 85th percentile statewide and the 76th percentile nationally for customer visits — underscoring its strong retail performance and consistent foot traffic.
• Investment-Grade Tenant
The lease is corporately guaranteed by Dollar General Corporation (NYSE: DG), which maintains an investment-grade credit rating of BBB from Standard & Poor’s. With a market capitalization of approximately $22 billion and a national footprint exceeding 20,000 stores across 48 states, Dollar General is a financially stable and rapidly expanding retailer.
• Resilient, Essential Retailer
Recognized as a value-discounter and “essential” retailer, Dollar General performs strongly during both inflationary and recessionary cycles. In Q2 2025, the company reported $10.7 billion in net sales, reflecting a 5.1% year-over-year increase, alongside 2.8% growth in same-store sales.
• Absolute NNN Lease
The property features an Absolute Triple-Net (NNN) lease structure, offering zero landlord responsibilities — providing investors with truly passive income.
• Relocation Store
This store represents a relocation of an existing, established Dollar General, demonstrating the company’s continued commitment to the Bedford market. The relocation reflects Dollar General’s confidence in the area’s strong retail fundamentals, following detailed performance and site-selection analysis.
• Ideal Demographics
The property benefits from strong area demographics, with an average household income of $77,988 within a 3-mile radius — aligning well with Dollar General’s customer base and growth strategy.
• Large Lot
Situated on a ±2.11-acre parcel, the property offers excellent long-term real estate value and future redevelopment potential.
• Below-Market Rent
The subject property is leased at below-market, replaceable rents, enhancing long-term investment security and potential appreciation.
• Strong Retail Synergy
The property is located less than one mile from major national retailers including Walmart, Aldi, and the Town Fair Center (anchored by Bealls, Ollie’s Bargain Outlet, and Bath & Body Works).
Nearby retailers such as KFC, Golden Corral, Goodwill, Denny’s, Steak & Shake, AT&T, Great Clips, and Culver’s contribute to a robust, synergistic retail trade area.
• Growing Market
The Bedford market is experiencing continued growth, highlighted by Hoosier Uplands’ recent announcement of a 32-unit affordable housing project for residents aged 55+ on Shawnee Drive.
The project, slated for completion by August 2026, is expected to further support local retail demand and consumer spending.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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34/100
Walk Score ®
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43/100
Bike Score ®
Location
- City Bedford, IN
- Neighborhood Bedford
- Zip Code 47421
- Market Louisville
Points of Interest
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Sunoco
0.55 miles
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Marathon
0.58 miles
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Jay C Foods Gas Station
0.61 miles
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Circle K
0.90 miles
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Knucklehead Bend
0.94 miles
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Shell
0.99 miles
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Citgo
1.55 miles
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Casey's
2.08 miles
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Thorton Park Parking
0.80 miles
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Cemetary Parking
9.44 miles
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El Compadre
0.49 miles
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Penn Station
0.50 miles
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99 Restaurant
0.52 miles
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Yamata Japanese Steakhouse of Bedford
0.52 miles
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Little Caesars
0.54 miles
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Pizza Hut
0.54 miles
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Burger King
0.55 miles
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Buffalo Wings & Rings
0.56 miles
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Subway
0.61 miles
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Captain D's
0.66 miles
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Jay C Foods Plus
0.51 miles
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Bedford Town Fair Mall
0.51 miles
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Marshalls
0.55 miles
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Walmart Supercenter
0.64 miles
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ALDI
0.72 miles
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IGA
0.84 miles
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Big Lots
0.90 miles
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The Twelve Months of Christmas
1.22 miles
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Ruler Foods
9.62 miles
Matthews Real Estate Investment Services