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3522 E Raymond St
Indianapolis, IN 46203
Family Dollar · Retail Property For Sale
Investment Highlights
- Strong Sales Reporting
- Hard Corner Location with Traffic Light Access
- Ideal Dollar Store Demographics
- Established National Retailer - Over 8,000 locations
- Strategic Positioning in Urban Market
- 2024 Renewal - Family Dollar recently renewed their lease term showing continued commitment to the location
Executive Summary
This offering provides the opportunity to acquire the fee simple ownership of a Family Dollar located in Indianapolis, IN (“the Property”). The Property comprises an 8,320-square-foot freestanding retail building situated on a 0.69-acre parcel of land.
Family Dollar recently renewed its lease, demonstrating a continued commitment to this location, which boasts strong performance metrics (contact broker for details). The lease operates under a NN structure with limited landlord responsibilities, providing an attractive passive income investment. The lease generates an annual NOI of $130,706, secured by a corporate guarantee from Family Dollar.
Strategically positioned in the market, the Property offers signalized traffic light access and excellent visibility along E. Raymond Street. It is located on a prominent hard corner, southeast of downtown Indianapolis, within the I-465 loop in the Near Southeast neighborhood.
Family Dollar recently renewed its lease, demonstrating a continued commitment to this location, which boasts strong performance metrics (contact broker for details). The lease operates under a NN structure with limited landlord responsibilities, providing an attractive passive income investment. The lease generates an annual NOI of $130,706, secured by a corporate guarantee from Family Dollar.
Strategically positioned in the market, the Property offers signalized traffic light access and excellent visibility along E. Raymond Street. It is located on a prominent hard corner, southeast of downtown Indianapolis, within the I-465 loop in the Near Southeast neighborhood.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2014
Price
$2,075,162 CAD
Price Per SF
$249.42 CAD
Cap Rate
8.75%
NOI
$181,577 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.69 AC
Zoning
C - Commercial
Parking
34 Spaces (4.09 Spaces per 1,000 SF Leased)
Frontage
185’ on Raymond St
Amenities
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 49-10-17-133-014.000-101 | Improvements Assessment | $1,408,510 CAD |
| Land Assessment | $122,389 CAD | Total Assessment | $1,530,898 CAD |
Property Taxes
Parcel Number
49-10-17-133-014.000-101
Land Assessment
$122,389 CAD
Improvements Assessment
$1,408,510 CAD
Total Assessment
$1,530,898 CAD
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