Listed by Marcus & Millichap - Indianapolis
$1,234,000
Dollar Tree (Home Depot Outlot)
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,400
Net Rentable (SqFt) 9,400
Cap Rate 8.00%
NOI $98,700
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type NN
Lease Expiration 03/31/2029
Remaining Term 2.8
Rent Bumps Yes
Lease Options Two, Five-Year
Price per SqFt $131
Year Built 2008
Year Renovated 2008
Acreage 1.130
Parking Spaces 52 spaces
Parking Per SqFt 5.53
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/08/2017
Ground Lease No
Dollar Tree | Home Depot Outlot
Marketing description
DOLLAR TREE is a leading American discount retailer known for offering a wide assortment of everyday essentials, seasonal goods, and household items at fixed low prices. The company operates over 8,000 Dollar Tree stores across the United States and Canada. Since its founding in 1986, Dollar Tree has built a strong reputation for value-driven retail in conveniently located, small-format stores. Dollar Tree has made a strategic shift back to its core single-price point model since the sale of Family Dollar in 2025. With a focus on cost efficiency, private-label expansion, and store growth, Dollar Tree remains a major player in the value retail segment, serving budget-conscious consumers in both urban and rural markets.
Investment highlights
- 9,400 SQUARE FOOT RETROFITTED DOLLAR TREE
- Originally a two-tenant center, Dollar Tree expanded into vacant space when previous tenant vacated
- Dollar Tree's expansion is a clear demonstration of their commitment and success at this location
- HOME DEPOT OUTPARCEL
- The Home Depot is a destination retailer that drives consistent traffic to this area
- Placer.ai estimates more than 475,000 visits annually at this Home Depot location
- WALMART SUPERCENTER ACROSS THE STREET
- Walmart Supercenter sits adjacent to Dollar Tree on the west side of 231
- Placer.ai estimates sales of almost $94m and more than 2.3m visits for this Walmart
- SHADOWED BY NEW $38 MILLION KROGER MARKETPLACE DEVELOPMENT
- 20-acre site will feature a 123,000 square foot Kroger Marketplace and fuel center
- The Kroger will have specialized departments like Starbucks, Murray's Cheese and fresh sushi
- Includes a new 179-lot residential subdivision and a 400-unit market-rate apartment complex with junior anchor retail space
- The project broke ground in January 2026 and is scheduled to open in January 2027
- STRONG DOLLAR TREE SALES VIA PLACER.AI
- Placer estimates store sales of $2.3m
- 4.29% Rent-to-sales ratio based off that estimation
- COLLEGE TOWN
- Crawfordsville is home to Wabash College
- Wabash College is a nationally-ranked, private men's liberal arts college
- NCAA Division III
- Wabash College is one of only 3 remaining non-religious, all-male, colleges in the United States
- Dollar Tree is a short 6 minute drive from campus
Listing Contacts
Listed by Marcus & Millichap - Indianapolis
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,700.00
$8,225.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
Map
Zoning
B-3 CommercialSpecial CommercialBusiness
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View all 230 uses Last updated Feb 27, 2026 For deeper zoning details, reports are available at Zoneomics
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