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Family Dollar | Dollar Tree Combo Store 1005 Main St 10,500 SF Retail Building Palmyra, IN 47164 $2,390,500 CAD ($227.67 CAD/SF) 6.82% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 2023 Build to Suit Family Dollar | Dollar Tree combo store (now Family Dollar)
  • Located only 20 miles from downtown Louisville, KY.
  • Strong traffic counts with 7,550+ VPD.
  • Family Dollar is a publicly traded company (NYSE: FDO) and an investment grade tenant (S&P: BBB)

EXECUTIVE SUMMARY

Transwestern National Net Lease | Sale Leaseback Group is pleased to present for sale a fee simple interest in a single tenant, Family Dollar located in Palmyra, Indiana. The building was build to suit in 2023 and consists of 10,500 square feet on 1.14 acres. Family Dollar’s lease commenced on 9/14/2023 and there are 8 years remaining on the primary term. The property sits on a high traffic street, with daily vehicle counts of 7,550. Located only 20 miles from downtown Louisville, KY, Palmyra has experienced steady population growth for a rural community, with easy access to a bustling major metropolitan area. With a cost of living 10% below the national average, the Louisville MSA has had an influx of new businesses and residents, growing their population to over 1.36M. Family Dollar is a publicly traded company (NYSE: FDO) and an investment grade tenant (S&P: BBB). Headquartered in Chesapeake, VA Family Dollar’s fiscal sales for 2023 exceeded $30.6 Billion and they currently operate more than 16,000 locations.
Broker of Record
Brad Teitelbaum
Bellagio Real Estate Partners
IN Lic#RB20001341

PROPERTY FACTS

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,500 SF
Year Built
2023
Price
$2,390,500 CAD
Price Per SF
$227.67 CAD
Cap Rate
6.82%
NOI
$162,942 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.98 AC

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

Family Dollar est un endroit idéal pour faire du magasinage lorsqu'il s'agit de livrer qualité et valeur sur les articles essentiels de la famille dans un endroit pratique. Leurs magasins sont idéalement situés dans des quartiers, et souvent dans des « déserts alimentaires » où d'autres magasins choisissent de ne pas s'installer, offrant une option pratique et proche de chez eux où les clients peuvent acheter des produits essentiels. En installant des magasins dans des endroits où d'autres ne le veulent pas, Family Dollar améliore l'abordabilité et la disponibilité des produits essentiels. Ils font gagner du temps et de l'argent à leurs clients et les aident à faire plus, même avec un budget serré. Leurs magasins Family Dollar se concentrent sur la fourniture d'articles essentiels pour la famille à un rapport qualité-prix supérieur. Ils offrent des marques nationales à prix compétitifs provenant de grands fabricants ainsi que des marques privées de valeur équivalente et à prix inférieur. Leurs allées sont pleines de nourriture et de boissons, de produits en papier, de fournitures de santé et de beauté, d'aliments pour animaux de compagnie, de produits pour la maison, de vêtements et d'accessoires, etc.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
31-03-19-478-010.000-014
Land Assessment
$54,858 CAD
Improvements Assessment
$868,624 CAD
Total Assessment
$923,481 CAD
  • Listing ID: 34810499

  • Date on Market: 2025-02-12

  • Last Updated:

  • Address: 1005 Main St, Palmyra, IN 47164

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