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State Mapleton Center - Columbus IN 2150 State St 18,892 SF 100% Leased Retail Building Columbus, IN 47201 $2,171,000 ($114.92/SF) 7.25% Cap Rate
Investment Highlights
- Investment Grade Tenancy: Dollar General & Dollar Tree
- Brand New 10-Yr Dollar Tree lease
- Corner location with strong traffic counts, dense trade area
- Outparcel Opportunity - Value Add Opportunity
- Strong Placer.ai data for long-time Dollar General
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
18,892 SF
Building Class
C
Year Built
1963
Price
$2,171,000
Price Per SF
$114.92
Cap Rate
7.25%
NOI
$157,378
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
1.55 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
77 Spaces (4.08 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
-
Jan 0000
Dollar Tree began with a variety store in Norfolk, Virginia, in the 1950s and later emerged as a dollar-store chain under the Only $1.00 banner in the 1980s. The business changed its name to Dollar Tree Stores in the 1990s, went public soon after, and later expanded further through acquisitions that included Family Dollar. Today, the company operates a wide network of stores across the United States and Canada, and its merchandise spans housewares, cleaning supplies, food and snacks, health and beauty items, toys, gifts, party supplies, stationery, and seasonal décor.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-96-30-130-003.200-005 | Improvements Assessment | $547,500 |
| Land Assessment | $253,900 | Total Assessment | $801,400 |
Property Taxes
Parcel Number
03-96-30-130-003.200-005
Land Assessment
$253,900
Improvements Assessment
$547,500
Total Assessment
$801,400
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