813 E. Marion St, Converse, IN 46919 For Sale

This newly constructed 2024 build-to-suit Family Dollar property offers a compelling investment opportunity in Converse, Indiana. The property features a 10-year initial lease term with approximately 8.25 years remaining, supported by a corporate guarantee from Family Dollar. The lease includes four 5-year renewal options, each with a $5,250 ($0.50/SF) rent increase, providing predictable income growth over time.

Located in north-central Indiana's stable economic corridor, the property benefits from its proximity to Kokomo and access to State Road 19 and nearby U.S. highways. The surrounding market demonstrates steady needs-driven demand with limited new development and constrained supply, creating favorable conditions for durable occupancy and predictable cash flow. The 10-mile radius shows an average household income of $88,198 annually, supporting the necessity-based retail model that Family Dollar serves.

Under new private equity ownership (Brigade Capital Management, Macellum Capital Management, and partners), Family Dollar is executing a comprehensive turnaround strategy focused on operational improvements, store upgrades, and portfolio optimization. With over 8,000 U.S. locations, Family Dollar's neighborhood-focused footprint and value-oriented merchandise model position it as a resilient tenant serving budget-conscious consumers across economic cycles.