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Family Dollar

2345 E 30th St, Indianapolis, IN 46218

Listing Price: $800,292

Cap Rate
6.50%
Tenant Name
Family Dollar
Years Remaining On Lease
3.6
Guarantor
Corporate Guarantee
Rentable SF
10,043
Lease Type
Gross Lease
Rent Per Square Feet
$6.27

Investment Overview

Approximately 10,000 SF Family Dollar is located at 2345 E 30th St, Indianapolis, Indiana on 0.62 Acres at the hard corner of East 30th Street and N Keystone Avenue. This low rent per square foot paying Family Dollar had a new roof installed in 2019 with a 20-year warranty. Family Dollar has been successfully operating at this location for over 15 years and has demonstrated continued commitment to this site by recently extending the lease term through September 2028. The lease has one five-year renewal option, with ten percent (10%) rental increase.

Highly visible store benefits from an average 26,000 vehicles passing by it. Many residential neighbourhoods in the immediate also provide an excellent customer base. The immediate area features a robust population, with 12,800 residents within a 1-mile radius and over 292,000 residents within 5 miles, making it an ideal location for this discount retailer, which stretches the family dollar.

Investment Highlights

  • Heavily trafficked intersection of N Keystone Ave and E 30th Street with more than 26,000 vehicles on average passing by the store daily292,000 residents in 5-Mile radius with over $77k in average ho
  • New roof in 2019 with 20-year warranty
  • Only $6.30 PSF annual rent for the remaining 4 years with 10% increase during the option for 5 years
  • Lease corporately guaranteed by BBB rated Family Dollar, an American Chain of Variety Stores with Over 8,000 Locations Nationwide and 60,000 Employees
  • Ivy Tech Community College is #1 Largest Singly accredited Community college in the country which contributes $3.9 Billion annually to Indiana's economy
  • Indianapolis benefits from over 23,000 students enrolled in Indiana University, one of the nation's premier urban research universities
  • The World's highest capacity sports venue, Indianapolis Motor Speedway with 250,000 permanent seats and over $1Billion economic impact
  • $9 Billion in new development in the downtown Indianapolis is slated to complete in the next 5 years

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Listing Price: $800,292

Cap Rate
6.50%
Tenant Name
Family Dollar
Years Remaining On Lease
3.6
Guarantor
Corporate Guarantee
Rentable SF
10,043
Lease Type
Gross Lease
Rent Per Square Feet
$6.27

Investment Highlights

  • Heavily trafficked intersection of N Keystone Ave and E 30th Street with more than 26,000 vehicles on average passing by the store daily292,000 residents in 5-Mile radius with over $77k in average ho
  • New roof in 2019 with 20-year warranty
  • Only $6.30 PSF annual rent for the remaining 4 years with 10% increase during the option for 5 years
  • Lease corporately guaranteed by BBB rated Family Dollar, an American Chain of Variety Stores with Over 8,000 Locations Nationwide and 60,000 Employees
  • Ivy Tech Community College is #1 Largest Singly accredited Community college in the country which contributes $3.9 Billion annually to Indiana's economy
  • Indianapolis benefits from over 23,000 students enrolled in Indiana University, one of the nation's premier urban research universities
  • The World's highest capacity sports venue, Indianapolis Motor Speedway with 250,000 permanent seats and over $1Billion economic impact
  • $9 Billion in new development in the downtown Indianapolis is slated to complete in the next 5 years

Investment Overview

Approximately 10,000 SF Family Dollar is located at 2345 E 30th St, Indianapolis, Indiana on 0.62 Acres at the hard corner of East 30th Street and N Keystone Avenue. This low rent per square foot paying Family Dollar had a new roof installed in 2019 with a 20-year warranty. Family Dollar has been successfully operating at this location for over 15 years and has demonstrated continued commitment to this site by recently extending the lease term through September 2028. The lease has one five-year renewal option, with ten percent (10%) rental increase. Highly visible store benefits from an average 26,000 vehicles passing by it. Many residential neighbourhoods in the immediate also provide an excellent customer base. The immediate area features a robust population, with 12,800 residents within a 1-mile radius and over 292,000 residents within 5 miles, making it an ideal location for this discount retailer, which stretches the family dollar.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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