This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
61 E Ridge Rd
Gary, IN 46409
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Investment Grade Guarantor
- Early Lease Extension
- Solid Retail Submarket
- Rental Escalations in Initial Term
- Optimal Surrounding Demographic
PROPERTY FACTS
AMENITIES
- Corner Lot
- Pylon Sign
- Signalized Intersection
ABOUT 61 E RIDGE RD , GARY, IN 46409
Stan Johnson Company (“SJC”), on behalf of Ownership, is pleased to offer for sale the fee simple interest in a singletenant, net leased Family Dollar retail store (“the Property” or “the Family Dollar”). The Property is located at 61 East Ridge Road, Gary, Indiana and consists of ± 11,460 SF on ± 0.62 acres. The Lease has an investment grade corporate guarantee by Family Dollar Stores, Inc (Moody’s: Baa3), a wholly owned subsidiary of Dollar Tree, Inc, the largest and most successful single-price point retailer in North America. Dollar Tree is one of the largest retailers in North America with over 15,000 stores in operation, sales exceeding $22.8 billion annually and over 182,000 associates. Renovated in 2018, the Property has recently been improved with new stucco and a major roof update in the past 12 months. Having continually operated the Property since April 2005, the Tenant is preemptively executing its first 5-year option thereby extending the primary lease term through December 31, 2025.
PROPERTY TAXES
| Parcel Number | 45-08-27-106-023.000-004 | Improvements Assessment | $786,500 |
| Land Assessment | $49,700 | Total Assessment | $836,200 |
PROPERTY TAXES
