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Family Dollar 102 E Rudisill Blvd 9,159 SF Retail Building Fort Wayne, IN 46806 $839,660 ($91.68/SF) 8.25% Cap Rate
Investment Highlights
- Corporate Credit tenant – Family Dollar Stores of Indiana, LLC, subsidiary of Family Dollar, Inc.
- Recently exercised renewal option with One, 5-year option available.
- Adjacent grocer tenant maintains common areas at their sole cost, including parking lot, sidewalks, landscaping, and snow removal.
- Top-performing Family Dollar in the area (#1 out of 8 locations per Placer.AI)
- Family Dollar reports sales with a healthy rent-to-sales ratio below 4%.
- Long-term operating history of 40 years.
Executive Summary
Bellagio Real Estate Partners, LLC is pleased to present the opportunity to acquire a Family Dollar property located at 102 E Rudisill Blvd, Fort Wayne, IN. The subject
property is leased to Family Dollar Stores of Indiana, LLC, a subsidiary of Family Dollar, Inc., and ranks as one of the top-performing stores in the area. Family Dollar has operated at this location for over 40 years and recently exercised a renewal option, with one five-year option remaining. Family Dollar reports store-level sales, providing clear performance transparency. The 9,159 SF building sits at a signalized corner with excellent visibility and dual access. Sharing a multi-tenant strip, that includes cross parking, with a national tenant Rent-A-Center and a well know supermarket in the Fort Wayne area, Mi Tierra. Surrounding national retailers include CVS, McDonald’s, and BP, highlighting a strong retail corridor. The roof is brand new with a 20-year warranty, and the parking lot was just repaved and restriped. Mi Tierra Supermarket maintains the common area. With corporate credit, long-term tenancy, and strong performance, this asset offers stability and attractive returns in a dense Fort Wayne trade area.
property is leased to Family Dollar Stores of Indiana, LLC, a subsidiary of Family Dollar, Inc., and ranks as one of the top-performing stores in the area. Family Dollar has operated at this location for over 40 years and recently exercised a renewal option, with one five-year option remaining. Family Dollar reports store-level sales, providing clear performance transparency. The 9,159 SF building sits at a signalized corner with excellent visibility and dual access. Sharing a multi-tenant strip, that includes cross parking, with a national tenant Rent-A-Center and a well know supermarket in the Fort Wayne area, Mi Tierra. Surrounding national retailers include CVS, McDonald’s, and BP, highlighting a strong retail corridor. The roof is brand new with a 20-year warranty, and the parking lot was just repaved and restriped. Mi Tierra Supermarket maintains the common area. With corporate credit, long-term tenancy, and strong performance, this asset offers stability and attractive returns in a dense Fort Wayne trade area.
Property Facts
Sale Type
Investment
Property Type
Building Size
9,159 SF
Year Built
1954
Price
$839,660
Price Per SF
$91.68
Cap Rate
8.25%
NOI
$69,272
Tenancy
Single
Building Height
1 Story
Walk Score®
Very Walkable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-12-14-476-002.000-074 | Improvements Assessment | $367,800 |
| Land Assessment | $273,100 | Total Assessment | $640,900 |
Property Taxes
Parcel Number
02-12-14-476-002.000-074
Land Assessment
$273,100
Improvements Assessment
$367,800
Total Assessment
$640,900
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Family Dollar | 102 E Rudisill Blvd
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