Listed by Northmarq Capital, LLC, Northmarq - St Gregory
$1,493,782
Family Dollar
Details
APN 1096225
Property Type Retail
Sub Type Discount retailer
Square Footage 8,320
Net Rentable (SqFt) 8,320
Units 1
Cap Rate 8.75%
NOI $130,706
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Expiration 03/31/2029
Remaining Term 2.8
Rent Bumps Yes
Lease Options Five, 5-year
Year Built 2014
Buildings 1
Stories 1
Acreage 0.690
Parking Spaces 33 spaces
Parking Per SqFt 3.97
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/2014
Occupancy Date 04/01/2014
Ground Lease No
Ownership Fee Simple
Family Dollar with Strong Sales in Indianapolis, IN
Marketing description
Opportunity to acquire a fee simple interest in the Family Dollar located in Indianapolis, IN (“the Property”). The Property comprises an 8,320-square-foot freestanding retail building situated on a 0.69-acre parcel of land. Family Dollar recently renewed its lease, demonstrating a continued commitment to this location, which boasts strong performance metrics (contact broker for details).
Investment highlights
- Strong Sales Reporting
- Established National Retailer Over 8,000 locations
- Hard Corner Location with Traffic Light Access
- Strategic Positioning in Urban Market
- Ideal Dollar Store Demographics
- 2024 Renewal
Listing Contacts
Listed by Northmarq Capital, LLC, Northmarq - St Gregory
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,706.00
$10,892.17/mo
Valuation Metrics
0
DSCR
8.75%
Cap Rate
8.75%
ROI
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