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Family Dollar | Dollar Tree Combo Store 1005 Main St 10,500 SF Retail Building Palmyra, IN 47164 $1,733,000 ($165.05/SF) 6.82% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 2023 Build to Suit Family Dollar | Dollar Tree combo store (now Family Dollar)
  • Located only 20 miles from downtown Louisville, KY.
  • Strong traffic counts with 7,550+ VPD.
  • Family Dollar is a publicly traded company (NYSE: FDO) and an investment grade tenant (S&P: BBB)

EXECUTIVE SUMMARY

Transwestern National Net Lease | Sale Leaseback Group is pleased to present for sale a fee simple interest in a single tenant, Family Dollar located in Palmyra, Indiana. The building was build to suit in 2023 and consists of 10,500 square feet on 1.14 acres. Family Dollar’s lease commenced on 9/14/2023 and there are 8 years remaining on the primary term. The property sits on a high traffic street, with daily vehicle counts of 7,550. Located only 20 miles from downtown Louisville, KY, Palmyra has experienced steady population growth for a rural community, with easy access to a bustling major metropolitan area. With a cost of living 10% below the national average, the Louisville MSA has had an influx of new businesses and residents, growing their population to over 1.36M. Family Dollar is a publicly traded company (NYSE: FDO) and an investment grade tenant (S&P: BBB). Headquartered in Chesapeake, VA Family Dollar’s fiscal sales for 2023 exceeded $30.6 Billion and they currently operate more than 16,000 locations.
Broker of Record
Brad Teitelbaum
Bellagio Real Estate Partners
IN Lic#RB20001341

PROPERTY FACTS

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,500 SF
Year Built
2023
Price
$1,733,000
Price Per SF
$165.05
Cap Rate
6.82%
NOI
$118,125
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.98 AC

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

Family Dollar is a neighborhood-focused retailer committed to providing everyday essentials at affordable prices. With merchandise typically ranging from $1 to $10, Family Dollar offers a wide selection of competitively priced national brands alongside value-driven private labels. Customers can find food and beverages, paper goods, health and beauty products, pet supplies, home décor, apparel, seasonal items, and personal electronics—all in one convenient location. Family Dollar stores are strategically located in communities across the country, including underserved areas often lacking access to affordable retail options. By placing stores in these neighborhoods, Family Dollar helps improve the availability of essential goods while saving customers time and money. The company’s mission is rooted in delivering value, convenience, and reliability to families seeking quality products on a budget.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
31-03-19-478-010.000-014
Land Assessment
$39,800
Improvements Assessment
$630,200
Total Assessment
$670,000
  • Listing ID: 34810499

  • Date on Market: 2/12/2025

  • Last Updated:

  • Address: 1005 Main St, Palmyra, IN 47164

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