Listed by Northmarq Capital, LLC, Northmarq - St Gregory
$1,290,000
Family Dollar
Details
APN 49-11-24-151-007.000-101
Property Type Retail
Sub Type Discount retailer
Square Footage 9,225
Net Rentable (SqFt) 9,225
Units 1
Cap Rate 9.00%
NOI $116,160
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 One, 5-year
Year Built 2010
Buildings 1
Stories 1
Acreage 0.870
Parking Spaces 44 spaces
Parking Per SqFt 4.77
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2009
Occupancy Date 07/01/2009
Ground Lease No
Ownership Fee Simple
Top Performing Family Dollar in Primary Retail Corridor 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 a 9,225-square-foot freestanding retail building situated on a 0.87-acre parcel of land.
Family Dollar recently renewed its lease, demonstrating continued commitment to this location. The lease operates under a NN structure with limited landlord responsibilities, providing an attractive passive income investment. The lease generates an annual NOI of $116,160, secured by a corporate guarantee from Family Dollar.
Investment highlights
- Established National Retailer Over 8,000 locations
- Top-Tier Store Performance Top 40% of all Family Dollar locations in the state
- Excellent Access & Visibility 23K VPD Along Madison Ave in Indianapolis
- Primary Retail Corridor
- National & Local Retailers
- 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
$116,160.00
$9,680.00/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
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