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715 E 38th St
Indianapolis, IN 46205
Retail Property For Sale
Investment Highlights
- NN lease to Family Dollar corporate with very little LL responsibilities
- 5% rental increase in 2 years
- Direct access to the Indianapolis Redline and IndyGo with 50,000+ Vehicles per day
- 7 years remaining on original 10 year lease
- (6) 5 year renewal option with 5% rental increases in each
- Strong IndyGo public transit servicing intersection and less than a blow from the closest Red Line stop
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
C
Year Built/Renovated
1930/2008
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.38
Lot Size
0.60 AC
Zoning
retail
Parking
55 Spaces (5.5 Spaces per 1,000 SF Leased)
Frontage
About 715 E 38TH ST , INDIANAPOLIS, IN 46205
The subject property is a freestanding Family Dollar Store situated on 0.626 acres located at 715 E 38th Street in Indianapolis, IN. No matter the state of the economy, Family Dollar is a proven high credit tenant that pays its rent. Aside from the consistent cash flow, the appreciation of land along the Indianapolis Red Line should not be overlooked.
Property Taxes
| Parcel Number | 49-06-24-124-016.000-101 | Improvements Assessment | $507,500 |
| Land Assessment | $131,300 | Total Assessment | $638,800 |
Property Taxes
Parcel Number
49-06-24-124-016.000-101
Land Assessment
$131,300
Improvements Assessment
$507,500
Total Assessment
$638,800
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