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Single-Tenant Freestanding Retail Building
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Pending

2401 Lincoln Way W, South Bend, IN 46628

Freestanding single-tenant retail building totaling 10,722 SF, currently occupied by Family Dollar.

Property Size10,722 SF
Lot Size1.16 Acres
Days on Market140

Property Features for 2401 Lincoln Way W

General Information

Standard status Pending
Size 10,722 SF
Lot size 1.16 Acres
Property subtype Retail
Occupancy 100%

Building Details

Tenancy Single
Listing Agency: NNNet Advisors San Diego
Listed By: Joe You · License #CA 01394395
Source: Crexi
Added: Apr 13 Changed: Aug 21 Last Checked: Aug 29 at 10:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NNNet Advisors San Diego

Investment Insights

Based on property information with market context.

The subject property consists of 10,722 SF of improved building area on approximately 1.16 acres. It is a freestanding, single-tenant building occupied by Family Dollar. The property was originally subleased from CVS in 2002, and Family Dollar signed a new 10-year lease in 2016.

Located at 2401 Lincoln Way W in South Bend, the property is situated on Lincoln Way West in a densely populated area. The lease is corporately guaranteed, with approximately 4.5 years remaining and 10% increases in each option term.

The building is presented as an income-producing retail asset with a long-term, corporately guaranteed tenancy in place.

Key Highlights

  • 10,722 SF freestanding single‑tenant retail building on approx. 1.16 acres
  • Currently occupied by Family Dollar under a 10‑year lease signed in 2016
  • Remainder of approx. 4.5 years left on the corporate guaranteed lease

Property Analytics

Current Use

Family Dollar Discount Store

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

291
Businesses Nearby
12k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 54% Shops & Services 35% Electronics 11%
Popeyes Louisiana Kitchen Dining
6,596 visits/mo 0.1 miles
AutoZone Shops & Services
2,514 visits/mo 0.5 miles
O'Reilly Auto Parts Shops & Services
1,820 visits/mo 0.4 miles
Boost Mobile Electronics
784 visits/mo 0.4 miles
Metro by T-Mobile Electronics
499 visits/mo 0.1 miles

Demographics for 46628, IN

27,011
Population
12,266
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
92%
High-School Grad
34.2 sq mi
ZIP Area
790
Density / Sq Mi
$56,889
Median Household Income
$37,423
Median Earnings
$1,068
Median Rent
$164,500
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Freestanding single-tenant retail building totaling 10,722 SF, currently occupied by Family Dollar.
Where is this retail space located?
The property is located at 2401 Lincoln Way W South Bend, IN.
What are key features of this property?
This property features: 10,722 SF freestanding single‑tenant retail building on approx. 1.16 acres; Currently occupied by Family Dollar under a 10‑year lease signed in 2016; Remainder of approx. 4.5 years left on the corporate guaranteed lease
More about this property
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