Shopping Strip

Family Dollar

203 E Pickwick Dr, Syracuse, IN 46567

Listing Price: $385,000

Cap Rate
8.75%
Gross SF
10,000
Rentable SF
10,000
Price/Gross SF
$38.50
Lot Size
0.84 acres
Year Built
1973

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire Family Dollar located at 203 Pickwick Dr. Syracuse, Indiana. Built in 1973 the subject property consists of roughly 10,000 square feet and is positioned on approximately 0.84 acres. Located just off the signalized intersection S Huntington and Pickwick Dr, the subject property sees traffic counts over 10,366 vehicles per day. Due to its prime location within the community Family Dollar has continued to operate here since 1996, showing strong dedication to the location. The remaining 2 year lease includes two (2) five (5) year options periods featuring 5% increases during the course of each renewal.

Syracuse, Indiana, a town of approximately 48,000 full time residents within ten miles and 35,000 seasonal residents, lies in the northeastern corner of Kosciusko County, with easy access from US 6 to SR 13 on the north, and from US 30 to SR 13 on the south. The subject sits within close proximity to Lake Wawasee, which is the largest absolutely contained natural lake within the state of Indiana. With access to Syracuse Lake, there are more than 3,500 acres of water for year-round recreation. Lake Wawasee has a history of being a summer vacation area for residents from Indianapolis and Chicago. Eli Lilly maintained residence on Lake Wawasee, and his home remains a landmark on the lake.

Family Dollar was acquired by Dollar Tree in July 2015 creating the largest discount retailer by store count in North Americawith over 15,288 stores and 23.6 Billion in Revenue. The company is a leading operator of discount variety stores offering convenience and value to customers. Everything is $1.00 at Dollar Tree stores while Family Dollar is a neighborhood variety store offering merchandise largely for $10.00 or less.

Investment Highlights

  • Long history of operation at this location since 1996
  • 2 years remaining with 2 five year options - 5% increases each period
  • Close proximity to Indianas largest natural enclosed lake
  • Long history as premier destination for summer vacationers from Indiana and Chicago

Exclusively Listed By

Listing Price: $385,000

Cap Rate
8.75%
Gross SF
10,000
Rentable SF
10,000
Price/Gross SF
$38.50
Lot Size
0.84 acres
Year Built
1973

Investment Highlights

  • Long history of operation at this location since 1996
  • 2 years remaining with 2 five year options - 5% increases each period
  • Close proximity to Indianas largest natural enclosed lake
  • Long history as premier destination for summer vacationers from Indiana and Chicago

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire Family Dollar located at 203 Pickwick Dr. Syracuse, Indiana. Built in 1973 the subject property consists of roughly 10,000 square feet and is positioned on approximately 0.84 acres. Located just off the signalized intersection S Huntington and Pickwick Dr, the subject property sees traffic counts over 10,366 vehicles per day. Due to its prime location within the community Family Dollar has continued to operate here since 1996, showing strong dedication to the location. The remaining 2 year lease includes two (2) five (5) year options periods featuring 5% increases during the course of each renewal.

Syracuse, Indiana, a town of approximately 48,000 full time residents within ten miles and 35,000 seasonal residents, lies in the northeastern corner of Kosciusko County, with easy access from US 6 to SR 13 on the north, and from US 30 to SR 13 on the south. The subject sits within close proximity to Lake Wawasee, which is the largest absolutely contained natural lake within the state of Indiana. With access to Syracuse Lake, there are more than 3,500 acres of water for year-round recreation. Lake Wawasee has a history of being a summer vacation area for residents from Indianapolis and Chicago. Eli Lilly maintained residence on Lake Wawasee, and his home remains a landmark on the lake.

Family Dollar was acquired by Dollar Tree in July 2015 creating the largest discount retailer by store count in North Americawith over 15,288 stores and 23.6 Billion in Revenue. The company is a leading operator of discount variety stores offering convenience and value to customers. Everything is $1.00 at Dollar Tree stores while Family Dollar is a neighborhood variety store offering merchandise largely for $10.00 or less.

Exclusively Listed By

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