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1310 W Morton St
Oakland City, IN 47660
Retail Property For Sale
Investment Highlights
- 2021 remodel for Family Dollar Tree
- Dollar Tree acquired Family Dollar in 2015 and is are considered to be the second-largest discount retailer in the United
- Brand new 7-Year lease (rent commencement of November 2021) - Corporately guaranteed lease
- Attractive 6.75% cap rate
- Family Dollar / Dollar Tree have thrived through the COVID pandemic with a sharp increase in same-store sales and profitability
- Family Dollar / Dollar Tree boasts an extremely strong investment-grade credit rating of BBB- (S&P)
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,493 SF
Building Class
C
Year Built/Renovated
2002/2021
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.93 AC
Property Taxes
| Parcel Number | 26-13-24-100-001.551-007 | Improvements Assessment | $725,400 |
| Land Assessment | $58,500 | Total Assessment | $783,900 |
Property Taxes
Parcel Number
26-13-24-100-001.551-007
Land Assessment
$58,500
Improvements Assessment
$725,400
Total Assessment
$783,900
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