Union City Retail for Sale
INDIANA BROKER OF RECORD... AARON MCDERMOTT ...License No. PB20600956
Faris Lee Investments is pleased to present the opportunity to acquire a single-tenant Family Dollar, strategically positioned at the signalized hard corner of Chestnut and Columbia Streets, at the busiest intersection in Union City. The property enjoys outstanding visibility, two monument signs, and access from both major retail corridors (Highways 32 and 28). Family Dollar benefits from strong national tenant synergy with McDonald’s, O’Reilly Auto Parts, Subway, and NAPA Auto Parts within the immediate trade area, along with its proximity to schools, banks, the U.S. Post Office, and surrounding residential neighborhoods.
The property features a single-tenant NNN lease, an ideal structure for investors seeking secure, passive income. Family Dollar is responsible for the property taxes, insurance, and CAM, offering true ease of ownership. The predictable income stream and corporate tenancy make this an exceptional opportunity for 1031 exchange buyers and investors looking for stable, long-term cash flow with minimal management.
Family Dollar is a nationally recognized discount retailer operating over 8,000 stores across 45 states with annual revenues exceeding $13.3 billion in 2024. For more than six decades, Family Dollar has built a strong reputation as a value-oriented, necessity-based retailer serving millions of loyal customers nationwide. Its proven business model and operational resilience make it one of America’s most dependable retail brands.
Ownership interest includes both the land and the building, providing long-term intrinsic value and significant tax advantages through cost segregation and depreciation. Priced well below replacement cost at just $112 per square foot, the investment offers strong cash-flow and future appreciation potential.
This Family Dollar location demonstrates strong tenant performance and long-term commitment. Family Dollar relocated from a successful 6,800-square-foot site up the street in Union City to this existing location, a newly improved 11,868-square-foot facility, nearly doubling its size and volume. The tenant invested substantial capital in renovations and new HVAC systems in 2022, underscoring its confidence in the location. The lease has 7 years remaining on the initial 10-year term, with 3 (5 Year) renewal options, allowing for up to 22 years of total tenancy remaining.
The trade area offers an ideal demographic profile for Family Dollar’s core customer, with over 20,000 residents within a ten-mile radius and household incomes of over 76,000. The store receives more than 200,000 annual visits according to Placer.ai and is one of only three Family Dollar locations within a 20-mile radius, ensuring minimal competition and continued tenant success in a stable Midwestern market.
