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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
Storefront
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
295’ on State St

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 earlier variety-store and toy-retail roots in Virginia. The company later adopted the Dollar Tree name and grew into a value retailer focused on everyday essentials, seasonal merchandise, and discovery-oriented shopping. Current offerings include housewares, cleaning supplies, candy, snacks, food, health and beauty products, toys, gifts, stationery, craft and party supplies, books, and seasonal décor. The business also sells through its digital channels, including case-pack ordering, store pickup, home delivery, and same-day local delivery from participating store locations.

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

CrossFit
Horizon Bank
First Financial Bank

Property Taxes

Property Taxes

Parcel Number
03-96-30-130-003.200-005
Land Assessment
$253,900
Improvements Assessment
$547,500
Total Assessment
$801,400
  • Listing ID: 35427026

  • Date on Market: 4/9/2025

  • Last Updated:

  • Address: 2150 State St, Columbus, IN 47201

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