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2925 Madison Ave
Indianapolis, IN 46225
Family Dollar · Retail Property For Sale
Investment Highlights
- Established National Retailer - Over 8,000 locations
- Excellent Access & Visibility - 23K VPD Along Madison Ave in Indianapolis
- Ideal Dollar Store Demographics
- Top-Tier Store Performance - Top 40% of all Family Dollar locations in the state
- Primary Retail Corridor - National & Local Retailers
- 2024 Renewal - Family Dollar recently renewed their lease term showing continued commitment to the location
Executive Summary
This property presents an opportunity to acquire the fee simple interest in the Family Dollar located in Indianapolis, IN (“the Property”). The Property comprises a 9,225-square-foot freestanding retail building situated on a 0.87-acre parcel of land.
Family Dollar recently renewed its lease, demonstrating continued commitment to this location. The lease operates under a NN structure with limited landlord responsibilities, providing an attractive passive income investment. The lease generates an annual NOI of $116,160, secured by a corporate guarantee from Family Dollar.
The Property features excellent access and visibility along Madison Ave., located south of downtown Indianapolis, just north of the I-465 loop. It is strategically positioned in a primary retail corridor, well-represented by both national and local retailers, and experiences a traffic count of 23,000+ vehicles per day on Madison Avenue, giving the underlying real estate sustainable inherent value.
Family Dollar recently renewed its lease, demonstrating continued commitment to this location. The lease operates under a NN structure with limited landlord responsibilities, providing an attractive passive income investment. The lease generates an annual NOI of $116,160, secured by a corporate guarantee from Family Dollar.
The Property features excellent access and visibility along Madison Ave., located south of downtown Indianapolis, just north of the I-465 loop. It is strategically positioned in a primary retail corridor, well-represented by both national and local retailers, and experiences a traffic count of 23,000+ vehicles per day on Madison Avenue, giving the underlying real estate sustainable inherent value.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,225 SF
Building Class
B
Year Built
2010
Price
$1,792,068 CAD
Price Per SF
$194.26 CAD
Cap Rate
9%
NOI
$161,286 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.24
Lot Size
0.87 AC
Zoning
ZO01 - Commercial
Parking
30 Spaces (3.25 Spaces per 1,000 SF Leased)
Frontage
141’ on S Madison Ave
Amenities
- Signage
Property Taxes
| Parcel Number | 49-11-24-151-007.000-101 | Improvements Assessment | $2,072,964 CAD |
| Land Assessment | $120,721 CAD | Total Assessment | $2,193,686 CAD |
Property Taxes
Parcel Number
49-11-24-151-007.000-101
Land Assessment
$120,721 CAD
Improvements Assessment
$2,072,964 CAD
Total Assessment
$2,193,686 CAD
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