106 S Columbia St, Union City, IN 47390

This property presents 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 benefits from outstanding visibility, two monument signs, and access from both major retail corridors (Highways 32 and 28). The location is near McDonald’s, O’Reilly Auto Parts, Subway, and NAPA Auto Parts, along with schools, banks, the U.S. Post Office, and residential neighborhoods. The property features a single-tenant NNN lease, where Family Dollar is responsible for property taxes, insurance, and CAM. Ownership interest includes both the land and the building. The investment is priced below replacement cost at $129 per square foot. Family Dollar relocated from a 6,800-square-foot site to this existing 11,868-square-foot facility, nearly doubling its size. The tenant invested in renovations and new HVAC systems in 2022. 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 has 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 and is one of only three Family Dollar locations within a 20-mile radius. Located at 106 S Columbia St, the property is in Union City, Indiana, which sits directly on the Ohio border. The immediate 1-mile radius includes a population of 5,593 and a local business base of 121 establishments. The wider 10-mile trade area expands to 20,381 residents with a median household income of $60,258.79.