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Family Dollar 1005 Main St 10,500 SF Retail Building Palmyra, IN 47164 $1,733,000 ($165.05/SF) 6.82% Cap Rate
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 was an investment grade tenant (S&P: BBB) before being taken private in 2025 after its acquisition.
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 was acquired in 2025 by Brigade Capital Management, Macellum Capital Management and Arkhouse Management who took the brand private as a standalone company again. Headquartered in Chesapeake, VA Family Dollar’s fiscal sales for 2023 exceeded $11 Billion and they currently operate more than 7,500 locations.
Broker of Record
Brad Teitelbaum
Bellagio Real Estate Partners
IN Lic#RB20001341
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
- -
- -
- -
Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - |
Property Taxes
| Parcel Number | 31-03-19-478-010.000-014 | Improvements Assessment | $810,500 |
| Land Assessment | $39,800 | Total Assessment | $850,300 |
Property Taxes
Presented by
Family Dollar | 1005 Main St
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