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27649728

4001 Madison Ave, Indianapolis, IN 46227

SK
IN IN RB14026603
Kline Properties Inc
Listed by Kline Properties Inc
$1,400,000
272 days on market
Updated 63 days ago

Dollar Tree #8809

Details
APN 49-11-36-101-001.018-501
Property Type Retail
Sub Type Storefront
Square Footage 12,896
Net Rentable (SqFt) 12,896
Units 1
Cap Rate 6.58%
NOI $92,064
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type NNN
Lease Term 7
Lease Expiration 08/16/2028
Remaining Term 2.2
Rent Bumps Yes
Lease Options 4 more 5 year options
Pro-Forma Cap Rate 9.81%
Pro-Forma NOI $137,404
Price per SqFt $109
Class B
Year Built 1993
Buildings 1
Stories 1
Zoning C3
Parking Spaces 73 spaces
Parking Per SqFt 5.66
Investment Type Stabilized
Tenant Credit Credit Rated
Lease Commencement 08/17/2021
Occupancy Date 09/19/2025
Ground Lease No

Dollar Tree #8809

Marketing description

Dollar Tree #8809. This is a prime location, very close to University of Indianapolis. It sits on a busy corner at Madison and Hanna. The Dollar Tree space is just what you’d expect with rock steady payments.

Investment highlights

Proven Tenant

Occupied by Dollar Tree, a Fortune 500 company (NYSE: DLTR) with S&P BBB credit rating, operating over 16,000 stores nationwide. The tenant has demonstrated resilience in economic downturns, including significant growth during the COVID-19 pandemic.

NNN Lease Structure

Triple Net (NNN) lease shifts all operating expenses (taxes, insurance, maintenance) to the tenant, providing predictable cash flow with minimal landlord responsibilities.

Strategic Location

Hard corner site with excellent visibility and access; strong traffic counts (17,000+ VPD on Hanna Ave, 15,000+ VPD on Madison Ave); proximity to University of Indianapolis (3 blocks) and robust local demographics.

Listing Contacts

SK
IN IN RB14026603
Kline Properties Inc
Listed by Kline Properties Inc

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$92,064.00
$7,672.00/mo

Valuation Metrics

0
DSCR
6.58%
Cap Rate
6.58%
ROI

Map

Zoning

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C3 CommercialNeighborhood CommercialNeighborhood Commercial District
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Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Stephan Kline
License
IN RB14026603
Brokerage
Kline Properties, Inc.
Brokerage Phone
317-644-1400
Title
Principal Broker
Brokerage Address
1910 East Washington Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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