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48 In-10
Wheatfield, IN 46392
Family Dollar · Retail Property For Sale
Investment Highlights
- Corporate Guaranty - Backed by a corporate guaranty from Family Dollar Stores, Inc.
- Regional Access - The site has direct frontage on both State Road 10 and State Road 49.
- Large Lot Size – The site spans across a large 2.11-acre parcel.
Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Family Dollar located in Wheatfield, Indiana. The tenant has successfully operated at this location since the completion of construction in 2020. The lease features six, 5-year renewal options with rental escalations at the start of each option period, and is backed by a corporate guaranty from Family Dollar Stores, Inc. The property sits on a large 2+ acre lot.
The 9,180-square-foot building is positioned at the signalized intersection of State Road 49 and State Road 10 the primary signalized intersection in Wheatfield. State Road 49 connects north through Valparaiso to U.S. Route 30 and Interstate 80/90 (Indiana Toll Road), linking the site to the broader Chicago MSA and Indiana Dunes corridor. The property is in proximity to Kankakee Valley High School (1,000 students) and the area’s primary employers, including NIPSCO (Northern Indiana Public Service Company), Indiana’s largest natural gas distribution utility and second-largest electric distributor, and Belstra Milling Company, an agricultural feed manufacturer, reflecting a stable, longstanding agricultural and utility-driven local economy. Residents within a five-mile radius generate a six-figure average household income exceeding $110,000.
Family Dollar Stores, Inc. is an American discount variety retailer founded in 1959 by Leon Levine in Charlotte, North Carolina. The company grew into one of the largest small-box discount retailers in the United States, operating stores in nearly every state, before being acquired by Dollar Tree, Inc. in 2015. In July 2025, Family Dollar completed its separation from Dollar Tree and relaunched as a standalone private company under an investor group led by Brigade Capital Management, Macellum Capital Management, and Arkhouse Management, in a transaction valued at approximately $1.01 billion. The company operates more than 7,100 stores nationwide and remains headquartered in Chesapeake, Virginia.
The 9,180-square-foot building is positioned at the signalized intersection of State Road 49 and State Road 10 the primary signalized intersection in Wheatfield. State Road 49 connects north through Valparaiso to U.S. Route 30 and Interstate 80/90 (Indiana Toll Road), linking the site to the broader Chicago MSA and Indiana Dunes corridor. The property is in proximity to Kankakee Valley High School (1,000 students) and the area’s primary employers, including NIPSCO (Northern Indiana Public Service Company), Indiana’s largest natural gas distribution utility and second-largest electric distributor, and Belstra Milling Company, an agricultural feed manufacturer, reflecting a stable, longstanding agricultural and utility-driven local economy. Residents within a five-mile radius generate a six-figure average household income exceeding $110,000.
Family Dollar Stores, Inc. is an American discount variety retailer founded in 1959 by Leon Levine in Charlotte, North Carolina. The company grew into one of the largest small-box discount retailers in the United States, operating stores in nearly every state, before being acquired by Dollar Tree, Inc. in 2015. In July 2025, Family Dollar completed its separation from Dollar Tree and relaunched as a standalone private company under an investor group led by Brigade Capital Management, Macellum Capital Management, and Arkhouse Management, in a transaction valued at approximately $1.01 billion. The company operates more than 7,100 stores nationwide and remains headquartered in Chesapeake, Virginia.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
9,180 SF
Year Built
2020
Price
$1,068,571
Price Per SF
$116.40
Cap Rate
8.75%
NOI
$93,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.11 AC
Property Taxes
| Parcel Number | 37-17-30-000-012.002-023 | Improvements Assessment | $923,800 |
| Land Assessment | $367,000 | Total Assessment | $1,290,800 |
Property Taxes
Parcel Number
37-17-30-000-012.002-023
Land Assessment
$367,000
Improvements Assessment
$923,800
Total Assessment
$1,290,800
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