1005 Main St, Palmyra, IN 47164 For Sale

Transwestern National Net Lease | Sale Leaseback Group is pleased to present for sale a fee simple interest in a Family Dollar in Palmyra, Indiana. The building was built to suit in 2023 and consists of 10,500 square feet on 1.14 acres. Family Dollar’s lease commenced on 9/14/2023 and there are 8 years remaining on the primary term. The property sits on a high traffic street, with daily vehicle counts of 7,550. Located only 20 miles from downtown Louisville, KY, Palmyra has experienced steady population growth for a rural community, with easy access to a bustling major metropolitan area. With a cost of living 10% below the national average, the Louisville MSA has had an influx of new businesses and residents, growing their population to over 1.36M. Family Dollar is a publicly traded company (NYSE: FDO) and an investment grade tenant (S&P: BBB). Headquartered in Chesapeake, VA Family Dollar’s fiscal sales for 2023 exceeded $30.6 Billion and they currently operate more than 16,000 locations.

Seller financing fixed at 5.50% for two years potentially available. Contact broker for more information.