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    8760 Southeastern Ave Indianapolis, IN 46239

    For Sale
    $1,055,000

    High-yield retail investment; strong tenant.

    Property size:
    9,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 9,600 square foot free-standing Dollar General store in Indianapolis, Indiana. The property boasts a strong 6.31% cap rate, a Net Lease with minimal landlord responsibilities, and a corporate guaranteed lease with 3.8 years remaining and two 5-year options at 7% rent bumps. Built in 1988, the single-story building sits on a 0.83-acre lot with 22 parking spaces and is located in a densely populated area with over 41,000 residents and an average household income exceeding $114,000 within a 3-mile radius. The property's C4 zoning and prime location within a vibrant commercial district contribute to its significant potential for growth and strong returns. The $1,055,000 asking price reflects a Net Operating Income (NOI) of $66,600. This is an ideal addition to any retail portfolio seeking stability and growth potential. The lease commenced September 1, 2020, and expires August 31, 2028. The property features one building with a total of 9,600 square feet.

    Property Features for 8760 Southeastern Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,600 SF
    Lot Size
    36,155 SF

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 9,600 SF free‑standing Dollar General building on a 0.83‑acre lot.
    • Net lease with corporate guarantee; minimal landlord responsibilities.
    • Built in 1988; 8‑year lease with 2 (5‑year) options; 3.8 years remaining.
    • Prime Indianapolis, IN location at 8760 Southeastern Ave, 46239.
    • High‑density area: over 41,000 residents within a 3‑mile radius.
    • High average household income: over $114,000 within a 3‑mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Western Union Money Transfer Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0115577
    Latitude
    39.7062471

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    FAQs

    What type of property is this?
    Individual retail property - High-yield retail investment; strong tenant.
    Where is this individual retail property located?
    The property is located at 8760 Southeastern Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,055,000.
    What are key features of this property?
    This property features: 9,600 SF free-standing Dollar General building on a 0.83-acre lot.; Net lease with corporate guarantee; minimal landlord responsibilities.; Built in 1988; 8-year lease with 2 (5-year) options; 3.8 years remaining.
    Request Owner's contact information
    8760 Southeastern Ave Indianapolis, IN 46239
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    Indianapolis, IN 46239
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8760 Southeastern Ave Indianapolis, IN 46239
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