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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
23011490
34413802

3209 E Thompson Rd, Indianapolis, IN 46227 For Sale

CP
NY 10401300636, NJ 1861396
Marcus & Millichap - Manhattan
MC
NY 10401311477
Marcus & Millichap - Manhattan
CB
NY 10401397573
Listed by Marcus & Millichap - Manhattan
$729,000
7 days on market
Updated 7 days ago

Dollar General I Major City Unit I Strong Historical Sales

Details
Property Type Retail
Sub Type Dollar Store
Square Footage 8,995
Cap Rate 8.56%
NOI $62,400
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN+
Lease Expiration 06/29/2030
Remaining Term 3.9
Rent Bumps Yes
Lease Options 1, 5-Year
Broker Co-Op Yes
Class A
Year Built 2005
Acreage 1.100
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

8.55% Cap Rate I Sound Store Performance

Investment highlights

  • Double Net Dollar General w/ Minimal Management: NN Dollar General w/ Minimal Management Located on East Thompson Road with Well Above Average Dollar General Traffic (11,000 Vehicles Per Day (VPD)) in Indianapolis, Marion County, Indiana

  • Recently Extended Lease Showing Tenant Commitment: Dollar General Has Operated at This Site Since 2005 and Recently Extended Its Lease for an Additional Five Years Demonstrating Continued Commitment Operating at This Location

  • Corporate Dollar General Guarantee: Lease Corporately Guaranteed by Dollar General, an American Chain of Variety Stores with Over 20,000 Locations Nationwide and an S&P Credit Rating of BBB

  • Brand New HVAC Installed (2024) and Gutters (2023): Impeccably Maintained Property with New HVAC Units Installed in 2024 and Gutters Installed in 2023 Representing a Material Investment and Benefit to the Asset’s Next Owner

  • Strong Historical Sales & Limited Competition: Low Rent Asset Paying $62,400 Annually with Strong Historical Sales (Inquire w/Broker) and No Competitive Dollar General Located Within a 2.5 Mile Radius South of I-465/Indianapolis Beltway

  • Excellent Dollar General Demographics: Just 10 Minutes from Downtown Indianapolis in an Area with Over 210,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $72,000

Listing Contacts

CP
NY 10401300636, NJ 1861396
Marcus & Millichap - Manhattan
MC
NY 10401311477
Marcus & Millichap - Manhattan
CB
NY 10401397573
Listed by Marcus & Millichap - Manhattan

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$62,400.00
$5,200.00/mo

Valuation Metrics

0
DSCR
8.56%
Cap Rate
8.56%
ROI

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Additional Information

Name
Josh Caruana
License
IN RB14034355
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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