1 of 4

2 of 4

3 of 4

4 of 4

•  Media
• Map
• Street View

421 N Jefferson St
Covington, IN 47932

$825,000 USD

Freestanding For Sale  •  8,000 SF

Property Details

• Property Type Freestanding
• Total Building Size 8,000 SF
• Lot Size 0.4 AC
• Building Class C
• Year Built 1999
• Cap Rate 8.00 %
• Tenancy Single
• Zoning CM

0 Transit Score

67 Walk Score

Highlights

4 Years of Lease Term

Fortune 150 Investment Grade Tenant

Corporate Guarantee - Strong BBB Credit Rating

Only Dollar Store in Several Miles

Strong Placer AI traffic indicating strong sales.

Property Flyers

Covington, IN Dollar General Brochure2

Financial Summary (Actual)

Net Operating Income: $66,000 USD (2025)

Cap Rate:

8.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Dollar General	8,000 SF	12/31/2028

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes