Listed by Northmarq Capital, LLC, Northmarq - St Gregory
$896,000
Family Dollar
Details
APN 23-11-06-417-006.000-018
Property Type Retail
Sub Type Grocery Store, Discount retailer
Square Footage 8,000
Net Rentable (SqFt) 8,000
Units 1
Cap Rate 9.25%
NOI $82,885
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Expiration 06/30/2029
Remaining Term 3.1
Rent Bumps Yes
Lease Options 1, 5-year
Year Built 2009
Buildings 1
Stories 1
Acreage 1.750
Parking Spaces 23 spaces
Parking per 1,000 SqFt 2.88
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2024
Occupancy Date 10/13/2009
Ground Lease No
Ownership Fee Simple
Family Dollar in Ideal Market | Veedersburg, IN
Marketing description
Opportunity to purchase a fee simple interest in the Family Dollar located in Veedersburg, IN (“the Property”). The Property consists of an 8,000-square-foot freestanding retail building on a 1.75-acre parcel of land. Family Dollar is operating under a NN lease with limited landlord responsibilities, offering a passive income investment.
Investment highlights
- Low-Maintenance Asset Sub One Million Dollar Investment Opportunity
- Established National Retailer Over 8,000 locations
- Excellent Access & Visibility Along U.S. Route 136
- Proximity to Interstate 74 19,000+ VPD
- Ideal Dollar Store Demographics
- Limited Competition Within the Market
Listing Contacts
Listed by Northmarq Capital, LLC, Northmarq - St Gregory
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,885.00
$6,907.08/mo
Valuation Metrics
0
DSCR
9.25%
Cap Rate
9.25%
ROI
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