340 S Main St
Churubusco, IN 46723
Family Dollar · Retail Property For Sale

Marcus & Millichap is proud to exclusively present for sale this net-leased Family Dollar located in Churubusco, Indiana. The subject property is approximately 8,000 square feet and sits on about .62 acres, with excellent exposure off of U.S. Route 33. Despite the small size of the market, this Family Dollar has a surrounding population of over 8,600 people within five miles. Churubusco is just 16 miles from Fort Wayne, Indiana, which is the 2nd largest city in Indiana and has grown to the 76th largest city in the United States. Fort Wayne is home to Indiana University-Purdue University Fort Wayne (IPFW), which is the 5th largest public university in Indiana. There are over 271,000 residents within 15 miles of this Family Dollar location with an average household income of $69,090. The build-to-suit construction for Family Dollar was completed in 2007, with Family Dollar signing an original 10 year lease. Family Dollar elected to exercise their first five-year option in June 2017, illustrating their commitment and success at this location. There is a large rent increase scheduled for June 2022, and additional 10 percent rent increases in each of the five remaining five-year options. The tenant reimburses for real estate taxes, insurance, and any expenses associated with the common area maintenance of the building, leaving the landlord only responsible for the roof and structure of the building.