Listed by Kline Properties Inc
$839,900
Marion Family Dollar #3844
Details
Property Type Retail
Sub Type Storefront
Square Footage 7,467
Cap Rate 8.46%
NOI $71,902
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Term 5
Lease Expiration 12/31/2028
Remaining Term 2.6
Price per SqFt $114
Year Built 1965
Lot Size (SqFt) 19,800
Parking Spaces 28 spaces
Parking Per SqFt 3.75
Investment Type Net Lease
Lease Commencement 01/01/2024
Retail | 8.46% CAP | 7,467 SqFt
Marketing description
Long term Family Dollar store. This is one of three Family Dollar stores in Marion, Indiana. Offered at $849,900 with a Cap Rate of 8.46%. This is a busy location and has been thriving here since 2001.
Lease Security & Tenant Stability
- Original lease executed in 2001 — now on third renewal amendment (25 years of continuous occupancy)
- Current term: January 1, 2026 – December 31, 2028 | Fixed rent $74,900/year ($6,241.67/month)
- Fifth extended term already structured: January 1, 2029 – December 31, 2033 | Same fixed rent $74,900/year
- Over 7 years of remaining lease coverage from date of sale
- Net-net (NN) lease — tenant reimburses property taxes; landlord pays building insurance (~$3K/yr, already deducted in NOI)
- Parent company: Dollar Tree Inc. (NYSE: DLTR) | S&P BBB / Moody's Baa2 credit rating
Investment highlights
- Offered at $849,900
- Long term tenant - 25 years
- Cap Rate of 8.46%.
- This is 1 of three Family Dollar stores in Marion, Indiana and the closest to Indiana Wesleyan University and the Marion VA Medical Center.
- Marion is served by the recently expanded Interstate I-69.
Listing Contacts
Listed by Kline Properties Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$71,902.00
$5,991.83/mo
Valuation Metrics
0
DSCR
8.56%
Cap Rate
8.56%
ROI
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