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34529196
34529195

8390 State Road 64, Georgetown, IN 47122 For Sale

KM
CA 2067187, TN 362005
Matthews
CN
CA 02120126
Matthews
NF
CA CA02244861
Matthews
Matthews
Listed by Matthews
$1,392,899
0 days on market
Updated 0 days ago

Family Dollar

Details
Property Type Retail
Square Footage 8,640
Net Rentable (SqFt) 8,640
Cap Rate 8.45%
NOI $117,700
Lease Type Absolute NNN
Lease Expiration 06/30/2030
Remaining Term 4
Lease Options Six, 5-Year Options Remaining
Year Built 2014
Acreage 1.150
Lease Commencement 12/16/2013
Ground Lease No

Absolute NNN Family Dollar — Zero Landlord Responsibilities, 8.45% Cap Rate

Investment highlights

• Corporate Tenant – The lease is signed by Family Dollar Stores of Indiana, L.P. Family Dollar operates over 7,100 locations across the country with a reported revenue of ~$13B in the last Fiscal Year.

• Absolute NNN – This is a rare absolute NNN lease for Family Dollar with zero landlord responsibilities, offering 100% passive income to a prospective purchaser.

• Passive Value-Add Investment — This asset represents an ideal play for an investor seeking high-yield, low-risk corporate income in the short term, paired with the long-term upside of inheriting a well-maintained, freestanding commercial building.

• Attractive Increase Schedule – 10% rental increases in each of the Six, 5-year options, which is beneficial to an owner as it increases their annual cash flow and helps hedge against inflation.

• Essential Retail – Family Dollar stores often serve as community “essential retail anchors” in secondary and tertiary markets where discount retail is mission-critical for local consumers.

• Recession Resistant Tenant – Discount retail historically performs well during economic uncertainty, benefitting from resilient demand as consumers seek value and affordable essentials.

• Affluent Local Demographics – The asset sits within a very strong, stable economic micro-market. The immediate 47122 zip code carries a stellar median household income of $107,500 and an average household income of $127,248, vastly outpacing standard national and state metrics.

• Strong Homeownership & Stability – The community showcases a remarkably high homeownership rate of 80.8% and a microscopic local unemployment rate sitting around 1.2%, ensuring deep-rooted economic permanence and consistent consumer retail spending power.

Listing Contacts

KM
CA 2067187, TN 362005
Matthews
CN
CA 02120126
Matthews
NF
CA CA02244861
Matthews
Matthews
Listed by Matthews

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$117,700.00
$9,808.33/mo

Valuation Metrics

0
DSCR
8.45%
Cap Rate
8.45%
ROI

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Additional Information

Name
Kyle Matthews
License
RB17001213, RC52200195 (IN)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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