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2626 Central Ave
Lake Station, IN 46405
Family Dollar · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- NN Lease/Minimal Landlord Responsibilities
- Family Dollar, a renowned tenant, has demonstrated its commitment to the site through extensive H2 renovations in 2022
- Population exceeds 102K within a 5 Mile Radius
- This store is a strong performer, consistently meeting or exceeding sales expectations
EXECUTIVE SUMMARY
Exclusive Realty is pleased to present this exceptional investment opportunity in Lake Station, IN: a meticulously-maintained Family Dollar store with a NN lease. With a strong performance history and consistent returns, this property offers a compelling investment. Additionally, the .79 acres of vacant land provides value-add potential. Strategically positioned and ideal for a 1031 exchange, seize this opportunity to enhance your portfolio.The property boasts new HVAC units installed in 2020, ensuring ecient climate
control, and a newly paved parking lot in 2022, providing a fresh and appealing look to the site. With .79 acres of vacant land available, valued at $50,000 based on sales comps,
there is an excellent opportunity for expansion, redevelopment, or income generating projects.
control, and a newly paved parking lot in 2022, providing a fresh and appealing look to the site. With .79 acres of vacant land available, valued at $50,000 based on sales comps,
there is an excellent opportunity for expansion, redevelopment, or income generating projects.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,920 SF
Building Class
C
Year Built
2001
Price
$723,172
Price Per SF
$66.22
Cap Rate
8.70%
NOI
$62,916
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.97 AC
Zoning
R33 - Residential/Commercial
Parking
40 Spaces (3.66 Spaces per 1,000 SF Leased)
Frontage
320’ on Central Ave
PROPERTY TAXES
| Parcel Number | 45-09-17-326-011.000-021 | Improvements Assessment | $733,700 |
| Land Assessment | $94,400 | Total Assessment | $828,100 |
PROPERTY TAXES
Parcel Number
45-09-17-326-011.000-021
Land Assessment
$94,400
Improvements Assessment
$733,700
Total Assessment
$828,100
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