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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 in 1986 as Only $1.00, building on a Norfolk variety-store heritage that later helped shape the business. The company focuses on discount variety retail, selling consumable, seasonal, and general merchandise such as housewares, food, health and beauty products, toys, party supplies, stationery, and crafts. After the Family Dollar sale, Dollar Tree operates as a focused North American value retailer with a large store network, a national logistics system, and an expanding multi-price assortment and online ordering options.
| 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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