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813 E Marion St 10,500 SF Retail Building Converse, IN 46919 $1,648,181 ($156.97/SF) 8.25% Cap Rate
Investment Highlights
- Brand-new 2024 build-to-suit construction specifically for Family Dollar, delivering modern facilities with minimal near-term capital needs.
- Four (4), 5-year renewal options, each with a $5,250 annual rent increase ($0.50/SF), ensuring predictable cash flow growth.
- Average household income of $86,954 annually within a 10-mile radius, supporting consistent essential retail demand.
- ±8.25 years remaining on an initial 10-year lease, providing strong income visibility and stability.
- Full corporate guarantee from Family Dollar (Dollar Tree, Inc.), offering investment-grade credit quality and payment reliability.
- Converse is located ±11 miles east of Marion and ±20 miles southwest of Kokomo, placing the property in an accessible, growing submarket.
Executive Summary
Kyle Matthews
License # RB17001213, RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Property Taxes
| Parcel Number | 52-16-32-100-049.000-011 | Improvements Assessment | $293,200 |
| Land Assessment | $20,500 | Total Assessment | $313,700 |
Property Taxes
Presented by
813 E Marion St
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