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Family Dollar 8390 State Road 64 8,640 SF Retail Building Georgetown, IN 47122 $1,392,899 ($161.22/SF) 8.45% Cap Rate
Investment Highlights
- Absolute NNN lease for Family Dollar with zero landlord responsibilities
- 10% rental increases in each of the Six, 5-year options10% rental increases in each of the Six, 5-year options10% rental increases in each of the Six,
- Recession resistant discount retail tenant with resilient consumer demand
- Corporate tenant — Family Dollar Stores of Indiana, L.P. with 7,100+ locations
- Median household income of $107,500 in the immediate 47122 zip code
- High homeownership rate of 80.8% and local unemployment rate of ~1.2%
Executive Summary
Broker Of Record
Kyle Matthews
Matthews Real Estate Investment Services, Inc
RB17001213, RC52200195 (IN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Kyle Matthews
Matthews Real Estate Investment Services, Inc
RB17001213, RC52200195 (IN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,640 SF
Building Class
C
Year Built
2015
Price
$1,392,899
Price Per SF
$161.22
Cap Rate
8.45%
NOI
$117,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.15 AC
Zoning
GR
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $643,800 | |
| Land Assessment | $77,400 | Total Assessment | $721,200 |
Property Taxes
Parcel Numbers
Land Assessment
$77,400
Improvements Assessment
$643,800
Total Assessment
$721,200
Contacts
-
Nathan Fitzgibbons -
Keegan Mulcahy -
Cade Norland -
Matthews Real Estate Investment Services
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Family Dollar | 8390 State Road 64
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